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AICPA issues ED on advertising costs.

The American Institute of CPAs issued an exposure draft of a Statement of Position, Reporting on Advertising Costs.

Under the ED's provisions, businesses and not-for-profit organizations would have to expense the cost of all advertising as incurred, except for certain direct response advertising that would be capitalized and amortized over its expected life. In issuing the ED, Norman N. Strauss, chairman of the AICPA accounting standards executive committee, said, "Currently, no uniform guidance exists for reporting advertising costs. As a result, capitalization and expense policies vary among companies, making it difficult to compare the results of operations."

Comments are due by September 21, 1992. To obtain copies of the ED (product no. 800032), write the AICPA order department, CL 692, P.O. Box 1003, New York, New York 10108-1003. The fax number is (800) 362-5066. The first five copies are free; additional copies cost $2.50 each.
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Title Annotation:exposure draft
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Sep 1, 1992
Words:147
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