Access the FASBs Codification Research System at the FASB website (www.fasb.orgLinks to an external site.).

Required: What is the specific eight-digit Codification citation (XXX-XX-XX-X) and category for each of the following items? Then provide a general explanation for each item.

1. Unrealized holding gains for trading securities should be included in earnings.

2. Under the equity method, the investor accounts for its share of the earnings or losses of the investee in the periods they are reported by the investee in its financial statements.

3. Transfers of securities between categories are accounted for at fair value.

4. Disclosures for available-for-sale securities should include total losses for securities that have net losses included in accumulated other comprehensive income.

5. Describes examples of circumstances under which investment in debt is available to be sold and therefore should not be classified as held-to-maturity.

I need general explanations for each item!