Generally Accepted Accounting Principles
      1. What are "generally accepted accounting principles?"
      2. Do APB Opinions, Accounting Research Bulletins, and Statements of Financial Accounting Standards constitute substantial authoritative support?
      3. Do departures from APB Opinions, ARBs, and FASB Standards have to be disclosed? Why or Why not?
      4. What does the phrase "substantial authoritative support" mean?
      5. What was the "House of GAAP?"
      6. What were the various levels of GAAP Hierarchy identified in FAS Statement No. 162?
      7. How did the Codification of Accounting Standards change the GAAP hierarchy?

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