FASB OKs two standards and delays insurance standard amid coronavirus
By Michael Cohn | AccountingToday.com | June 10, 2020
The Financial Accounting Standards Board approved Wednesday a pair of new accounting standards for convertible instruments and nonprofit gifts-in-kind, while also voting to defer the effective date of its long-duration insurance standard because of the COVID-19 pandemic, during the final meeting in FASB chairman Russell Golden’s term.
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