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2016

October 20, 2016 — Simplifying the Balance Sheet Classification of Debt — FASB Moves Forward to an Exposure Draft

Simplifying the Balance Sheet Classification of Debt — FASB Moves Forward to an Exposure Draft

Accounting Journal Entry
October 20, 2016
Yesterday, the FASB met to continue the discussion of its simplification project on the balance sheet classification of debt. The Board reconfirmed previous tentative decisions with certain refinements and directed its staff to draft a proposed Accounting Standards Update (ASU) for vote by written ballot.

Footnotes