2) A full citation begins with the source. FASB ASC (indicating the Financial Accounting Standards Boards Accounting Standards Codification) is an acceptable abbreviation when communicating with other accountants. FASB ASC 730-10-05-3 is an example of a full citation of the codification. Does this paragraph explain that delayed recognition of R&D expense should apply or immediate recognition?

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3) Back in Help, under Main Navigation Methods, click on Searching to learn about ways of searching through the codification. Use the Search function to search for the exact phrase debt issue costs. How many search results are found in the codification in the Liabilities area?

3) Still in Help, under Other Features (Alphabetical), click on Cross Reference to learn how to find where content from an original standard (Statement of Financial Accounting Standards (SFAS) is located within the codification. You are then to list where in the codification (provide the full citation) one finds the guidance that was originally provided in Statement of Financial Accounting Standards (FAS) No. 95, paragraph 74?

4) Still in Help, choose one of the other options under Other Features (Alphabetical) and click on it. Indicate which link you selected and briefly summarize one thing you learned from reading the information

Part B (5 points each). Now that you have some basic familiarity with the codification, you are ready to dig a little deeper into the codification regarding two topics we have discussed in class.

5) Provide the full citation that explains that a loss contingency should be accrued whenever the likelihood of loss is probable and the amount of loss can be reasonably estimated.

6) Provide the full citation that explains that for the creditor in a troubled debt restructuring, the effective interest rate is based on the original contractual rate, not the rate specified in the restructuring agreement.