Question: What is an exposure draft? A document summarizing the views of the SEC about how GAAP is to be applied A document received from constituents

What is an exposure draft?

A document summarizing the views of the SEC about how GAAP is to be applied

A document received from constituents in response to discussion documents that are released to the public for comment

An update to communicate changes to the FASB codification

A document published by the FASB to solicit public comment on a proposed new accounting standard

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