Prior to 2009, which of the following types of FASB Pronouncements carried the highest authority within GAAP by establishing the methods and procedures required on specific accounting issues?

Question

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Statements of Financial Accounting Standards (SFAS) were issued by the Financial Accounting Standards Board (FASB) to provide guidance on specific accounting and financial reporting topics. Prior to 2009, SFAS were considered to have the highest authority within Generally Accepted Accounting Principles (GAAP) in the United States, establishing the methods and procedures required on specific accounting issues.

Prior to 2009, Which of the Following Types of FASB