1. What section of GAAP states that Held-to-Maturity securities should be measured subsequently

at amortized cost in the statement of financial position? Just identify the section of ASC that

pertains to this.

2. What does GAAPs position on whether an entity should report a note receivable arising from the

issuance of an equity security. Please cite the appropriate ASC and discuss the position that GAAP

takes on this issue.

3. Find the appropriate ASC citation regarding the Disclosure Requirements for long-term debt.

Please state the ASC and describe the disclosure requirements.

4. Using GAAP, cite and explain when the straight-line method can be used as alternative to the

interest method of determining interest.