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FASB Exposure Draft of the Proposed Accounting Standards Update – Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent)

Friday, April 7, 2017

The Financial Reporting Committee (“FRC”) of the Institute of Management Accountants (“IMA”) submitted a letter to provide feedback to the Financial Accounting Standards Board (FASB) for their proposed accounting standards update on simplifying the classification of debt in a classified balance sheet.