ACC $301$: FASB Codification Project

Website: hitps:$/$asc$.$fasb.org

$($You will need to click through the robot sereen and eccept the license aggentent$)$

$10$ points: Access the FASB's Accounting Standards Codification System. Identify where each of the following accounting topics would be located. Use the following list for your answers $($I have filled in the first line item for you$)$:

$15$ points: Find the Codification Reference for the following 'scenarios.$\text{'}$ I have filled in the first item.

$\backslash$table$[[$Sceinario$,$Codification Reference$],[\backslash$table$[[$Determine the initial measurement of a note$],[$receivable$,$ exchanged for cash$]],310-10-30-2($See screenshots$],[\backslash$table$[[$Where can I leam about 'commercial substance' as it$],[$relates to Nonmonetary transactions?$]],],[\backslash$table$[[$Can you record the intangible asset, goodwill, if it is$],[$intemally developed?$]],],[\backslash$table$[[$When can an entity account for a contract with a$],[$customer$?($hint revenue$)]],],[\backslash$table$[[$Should a gain contingency be refilected in the$],[$financial statements?Hint: You will find$],[$contingencies under liabilities.$]],],[\backslash$table$[[$Where can you find information about fair value$],[$measurements subsequent to the initial transaction?$]],]]$