FASB Codification Guide-2

That is the user could go to 740 in the expenses menu

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Unformatted text preview: se E1: It gives the glossary definition of the term. Problem P1: They should be included in expense when incurred. Appendix A: Answer Key 175 Lesson 2 Questions Q1: 5. Q2: a. 2. b. 5. Exercises E1: N/A. E2: N/A. Problem P1: This information can be found in Section 360-20, Real Estate Sales, which is part of Topic 360, Property, Plant, and Equipment. Appendix A: Answer Key 176 Lesson 3 Questions Q1: a. 9. b. 8. Q2: General Purchases and Sales of Inventory with the Same Counterparty Barter Credit Transactions Exchanges Involving Monetary Consideration Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest. Q3: a. Employers with Two or More Plans. b. Components of Net Periodic Postretirement Benefit Cost. c. Settlements, Curtailments, and Certain Term Benefits. Exercise E1: N/A. Problems P1: 830-20-30. P2: a. Yes. The SEC staff believes that this disclosure guidance applies to all accounting standards which have been issued but not yet adopted by the registrant unless the impact on its financial position and results of operations is not expected to be material. b. 250-10-S99-5. Appendix A: Answer Key 177 Lesson 4 Questions Q1: a. Section 15. b. Section 15 and Section S15. c. Neither. d. Section 15 and Section S15. Q2: a. Conforming. b. Pervasive. c. Independent. d. Conforming with Exceptions. Exercises E1: N/A. E2: N/A. Problems P1: a. No, the Subtopic’s guidance would not apply. b. 350-50-15-3. P2: a. The guidance applies to all entities that engage in the exchange of software technology or products. b. The guidance applies to computer software to be sold, leased, or otherwise marketed as a separate product or as part of a product or process. However, the guidance applies to software marketed as part of a product or process only if software and software-related elements are more than incidental to the products or services as a whole. Appendix A: Answer Key 178 Lesson 5 Questions Q1: a. Subtopic. b. Section. c. Subtopic. d. Topic. e. Section. f. Topic...
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This note was uploaded on 03/27/2014 for the course ECON 12586 taught by Professor Yorambarzel during the Fall '09 term at University of Washington.

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