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1. List the examples of grandfathered items that are contained in the ASC? 2. Provide the following: i. ASC citation(s) for the following financial statement

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1. List the examples of grandfathered items that are contained in the ASC? 2. Provide the following: i. ASC citation(s) for the following financial statement element name: \"InventoryExchangesMember" ii. the most recent revision date for this element name 3. Use the FASB's ASC Learning Guide to answer the following (please include page numbers where relevant) i. How many parts and lessons are in the FASB's ASC Learning Guide? ii. What are the key differences with regard to speed between \"Systematic Browsing" and \"Searching"? iii. What is the first \"Tip for Success" titled? iv. How should a creditor recognize legal fees and other direct costs incurred to effect a troubled debt restructuring? 16-1

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