Periodically, the FASB updates the Codification for technical corrections and clarifications that are deemed necessary. The amendments included in this proposed Update cover a wide range of Topics and are generally nonsubstantive in nature. Many of the proposed amendments update terminology to conform with Topic 820 (Fair Value Measurement). The Board does not anticipate that the amendments in this proposed Update would result in pervasive changes to current practice.
The effective date of these amendments will be determined after the Board considers the feedback on the amendments in this proposed Update.
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