In 2009, when the Codification was populated with original accounting standards, what happened OThey were superseded and became nonauthoritative. OThey remained equally as authoritative as the Codification. OThey remained authoritative, but now have a lesser degree of authority than the Codification.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter1: The Demand For And Supply Of Financial Accounting Information
Section: Chapter Questions
Problem 12GI
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In 2009, when the Codification was populated with original accounting standards, what happened
OThey were superseded and became nonauthoritative. OThey remained equally as authoritative as
the Codification. OThey remained authoritative, but now have a lesser degree of authority than the
Codification.
Transcribed Image Text:In 2009, when the Codification was populated with original accounting standards, what happened OThey were superseded and became nonauthoritative. OThey remained equally as authoritative as the Codification. OThey remained authoritative, but now have a lesser degree of authority than the Codification.
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