What advantages does the codification bring to determining, Accounting Basics

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What advantages does the codification bring to determining

Question: 1. What advantages does the codification bring to determining accounting policy compared to time before the codification was developed?

2. Why does periodicity cause a problem in financial reporting?

3. How does the cost-benefit relationship apply to financial reporting?

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Accounting Basics: What advantages does the codification bring to determining

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Accounting Basics: What advantages does the codification bring to determining

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