1. According to the textbook, which two FASB Concept Statements (CONS) provide limited measurement guidance? (3 pts) 2. Where can a researcher locate measurement guidance in the Codification? (3 pts) 3. What are the three general categories of valuation specialists used to help management and auditors with complex measurements as discussed in the textbook? (Short answer here, be brief, detail not necessary). (3 points) 4. Inventory is initially measured at _______ and subsequently measured at ______. (4 pts) a. b. 5. Subsequent measurements are necessary because they provide guidance on: (5 pts) a. b. 6. Which of the of the following is not an example of a type of subsequent measurement? (2 pts) a. Recording change in inventory method, i.e., from LIFO to FIFO. b. Testing for goodwill impairment. c. Recording depreciation for fixed assets. d. Adjusting investment securities to market value. 7. Describe two circumstances in which an initial measurement might be complex. (5 points)