In April 2013, the FASB issued Accounting Standards Update 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting.
a. Define the term liquidation as used in this pronouncement.
b. What information does the ASU require to be disclosed by entities subject to its provisions?

Question

In April 2013, the FASB issued Accounting Standards Update 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting.
a. Define the term liquidation as used in this pronouncement.
b.	 What information does the ASU require to be disclosed by entities subject to its provisions?

Quizplus · Accepted Answer

The Answer of In April 2013, the FASB issued Accounting Standards Update 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting.
a. Define the term liquidation as used in this pronouncement.
b.	 What information does the ASU require to be disclosed by entities subject to its provisions?

In April 2013, the FASB Issued Accounting Standards Update 2013-07