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17. In Accounting Standard Codification (ASC) 450-20-35-2, what does 450 represent? a. Chapter b. Topic c. Section d. Paragraph e. None of the above. 18.

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17. In Accounting Standard Codification (ASC) 450-20-35-2, what does 450 represent? a. Chapter b. Topic c. Section d. Paragraph e. None of the above. 18. Medics R' US has a new and unique revenue stream, but they are unsure when to recognize the revenue. Medics R' US' accountant is unsure as well. In which topic grouping would she find more information about revenue recognition? a. 6XX b. 7XX C. 8xx d. 9XX e. None of the above. 19. One of the first notes to the financial statements of a firm is: a. Accounting Policies Footnotes b. Contingencies Footnotes C. Employee Benefits Footnotes d. Intangibles Explanations Footnotes e. None of the above

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