Access the fasb accounting standards codification

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Reference no: EM131855650

Answer the following two questions in narrative form

Access the FASB Accounting Standards Codification at the FASB website. Identify the specific Codification citation that indicates what an entity assesses to determine whether the nature of its promise is to act as a principal or agent.

What indicators does the Codification list that suggest an entity is a principal?

Determine the specific Codification citation.

Reference no: EM131855650

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