Access the FASB Accounting Standards Codification at the FASB website (www.FASB.org) and select Basic View for free
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Question:
Access the FASB Accounting Standards Codification at the FASB website (www.FASB.org) and select Basic View for free access. Required:
Determine the specific eight or nine digit codification citation (XXX-XX-XX-XX) that describes the following items:
1. If it is only reasonable possible that a contingent loss will occur, the contingent loss should be disclosed.
2. Criteria allowing short term liabilities expected to be refinanced to be classified as long term liabilities.
3. Accounting for the revenue from separately priced extended warranty contracts.
4. The criteria to determine if an employer must accrue a liability for vacation pay.
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