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Which of the following values represents a paragraph inserted when revising ASC?

a) 6(A)
b) 6A
c) 6RA
d) P6RA

User Ume
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1 Answer

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Final answer:

The correct answer is d) P6RA, which denotes a newly revised paragraph in the Accounting Standards Codification.

Step-by-step explanation:

The value that represents a paragraph inserted when revising Accounting Standards Codification (ASC) is d) P6RA. When the Financial Accounting Standards Board (FASB) updates or revises the ASC, they use a specific nomenclature to denote the changes. The letter 'P' stands for paragraph, the number indicates the sequence of the paragraph within the subsection, and 'RA' signifies that it is a newly revised paragraph with reflected amendments.

User Sameer Shemna
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