1-Become exposed to the FASB Accounting Standards Codification Research System Website and then research a specific and understandable codification given location link instructions. FASB Accounting Standards Codification

https://asc.fasb.org

This is an $850 Single User Site. You will need to register for a limited time free Basic View through the link on the right hand column. Order Professional or Basic View

A: Once registered, click on the bottom About tab link and answer the question, What is the FASB Accounting Standards Codification Research System Website? B: Instructions: Search for and Report on Codification #908-605-25-1

From the About webpage in Q#1 and linking to For more information, refer to About the Codification, define the FASB Accounting Standards Codification by completing the following statement: The Codification is the single source of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C:Answer the question, What are the two tasks for airline revenue accounting? (Search Codification #908-605-25-1) The Basic View will not allow for a Codification search by Codification number. Once you have registered for a single-use, free Basic View you will need to locate the specific Codification through the menu options located on the left hand column. Select: Industry Airlines Revenue Recognition Recognition and then scroll down to 25-1 Passenger.