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A campus organization planning group is brainstorming possible themes for their homecoming float. The ideas are flowing freely, when Katie enters the group late. Without regard for the group's brainstorming session, she begins discussing her recent breakup with her boyfriend. Katie is playing which type of group role?
Authoritative Accounting Guidance
Officially recognized principles and standards that govern financial reporting and accounting practices.
ASC
Accounting Standards Codification, the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities in the United States.
FASB
The Financial Accounting Standards Board, an organization responsible for establishing financial accounting and reporting standards in the United States.
Chronological Order
Organizing events in the order that they occurred in time.
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