1. A client is trying to determine if it is required to provide supplementary information related to changing prices with its financial statements. Identify the location in professional standards that indicates whether or not an entity is required to disclose supplementary information on the effects of changing prices.

2.An entity has several items that result in other comprehensive income and is trying to determine how to present them in the financial statements. Identify the location in professional standards that indicates how an entity is required to report comprehensive income.

3.An entity with both cumulative and noncumulative preferred stock is calculating basic earnings per share data and is trying to determine how to account for preferred dividends. Identify the location in professional standards that indicates how to account for preferred dividends in the calculation of basic earnings per share.

Which title of Professional Standards addresses this issue & will be helpful in understanding the documentation requirements for matters communicated with governance?

Enter the exact section and paragraph with helpful information.

Some examples of correctly formatted FASB ASC responses are 205-10-05-1, 323-740-S25-1, 260-10-60-1A, 715-30-35-95, 820-10-35-16BB and 810-10-55-205AE.