In what year was the Accounting Standards Codification approved by the FASB?

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Multiple Choice

In what year was the Accounting Standards Codification approved by the FASB?

Explanation:
The Accounting Standards Codification was approved by the FASB in 2009. This approval marked the move to a single, integrated source for US GAAP, reorganizing all authoritative standards by topic rather than by individual pronouncements. The codification was released to the public on July 1, 2009, and became the single authoritative source for nongovernmental US GAAP. The other years listed are not when the ASC was approved.

The Accounting Standards Codification was approved by the FASB in 2009. This approval marked the move to a single, integrated source for US GAAP, reorganizing all authoritative standards by topic rather than by individual pronouncements. The codification was released to the public on July 1, 2009, and became the single authoritative source for nongovernmental US GAAP. The other years listed are not when the ASC was approved.

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