a) Go to the tab entitled cross reference on the Codification homepage. What is the FASB Statement No.

that corresponds to Topic 480-10 (Distinguishing Liabilities from Equity)?

b) Using the Other Sources list on the left side of the Codification, go to pre-Codification standards. What

is the full name of this FASB Statement that you identified in (a) above?

c) Next, go to the Basis for Conclusions of the standard (as amended) that you identified in step (b). (To find

this, you might start in the standards Contents list on page 4.) Considering the introduction to the Basis for

Conclusions, describe two reasons for which this standard was issued.

d) Finally, did any FASB Board members dissent to the issuance of this FASB statement? Explain.

Textbook: Skills for Accounting Research, 3e FASB Codification and eIFRS , 3rd edition, Shelby Collins ISBN: 978-1-61853-177-3, Copyright 2016.