May 2, 2025
FASB Holds April 30 Meeting
At its April 30, 2025, meeting, the FASB (1) continued redeliberating its proposed Accounting Standards Update (ASU) "Financial Instruments — Credit Losses (Topic 326): Purchased Financial Assets" and (2) added to its agenda a project on the measurement of paid-in-kind (PIK) dividends on equity-classified preferred stock.
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