Question
1) Identify the level of the Codifications content hierarchy (Area, Topic, Subtopic, etc.) to which each of the following citations refers: a. 940-320 b. 940-320-20
1) Identify the level of the Codifications content hierarchy (Area, Topic, Subtopic, etc.) to which each of the following citations refers:
a. 940-320
b. 940-320-20
c. 320-10
d. CompensationNonretirement Postemployment Benefits
e. 270-10-S45
f. 808
g. 220-10-55-15
h. 740-10-55-220
i. Commitments > Overall > Disclosure > Unconditional Purchase Obligations
j. 230-10-55-20(a)
k. 860-10-55-25A.
2) Cite Section 30 of Subtopic 40 of Topic 350 in each of the following styles:
a. Number-based
b. Title-based
c. Mixed
d. Breadcrumb.
3) Identify the errors in the following Codification citations:
a. Topic 942, Financial ServicesInsurance
b. Subtopic 740-942
c. Subtopic 270-740
d. Subtopic 10-270
4) Find the codification references (number-based) for the recognition of:
- Donation
- pledges
5) Provide justification for your recommendation to consolidate or not consolidate the entities in the following case (draw on the FASB codification, be specific, cite):
The not-for-profit A is engaged in a limited partnership with another not-for-profit B. A has the right to select the Name and the auditors of entity B.
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