The following are part of the “due process” system used by the FASB in the evolution of a typical FASB Statement of Financial Accounting Standards:

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The following are part of the “due process” system used by the FASB in the evolution of a typical FASB Statement of Financial Accounting Standards:

a. 1, 2, 3.

b. 1, 3, 2.

c. 2, 3, 1.

d. 3, 1, 2.

Answer: D

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