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Nuances.(accountants respond to crises)(Brief Article)
How do accountants respond to crises? Like accountants, obviously. Though unusual, the WTC attack was nothing "extraordinary," the Financial Accounting Standards Board ruled last week. That's a big issue for the bean-counting set: an "extraordinary item" would have required the bookkeepers to consign all Sept. 11-related costs to one line on the balance sheet. Such an approach, the rulemakers feared, could lead to ...
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Source: HighBeam Research, Nuances.(accountants respond to crises)(Brief Article)