Assignment 1 For each of the following questions, (1) cut and paste the appropriate paragraph(s) from the Accounting Standards Codification to answer the question and (2) give the full citation for each paragraph. Your answer should only consist of the full paragraph(s) directly from the Codification and the citation for each paragraph. 1. What conditions are necessary for a company to allow its employees to purchase company stock under a plan established by the company and not recognize compensation expense related to the plan? 2. Company A has a foreign subsidiary that must be consolidated. How does Company A determine the appropriate functional currency for the subsidiary? 3. When should Company A recognize a liability associated with a tax deduction taken on its current year tax return that has potential to be disallowed if Company A is audited? How does Company A evaluate goodwill associated with a business combination in 2018 for impairment? Company A is a publicly traded company and has elected to early-adopt ASU 2017-04. 4. 5. Under what circumstances would Company A have to recognize a liability associated with the retirement of a long- lived tangible asset? Assignment 1 For each of the following questions, (1) cut and paste the appropriate paragraph(s) from the Accounting Standards Codification to answer the question and (2) give the full citation for each paragraph. Your answer should only consist of the full paragraph(s) directly from the Codification and the citation for each paragraph. 1. What conditions are necessary for a company to allow its employees to purchase company stock under a plan established by the company and not recognize compensation expense related to the plan? 2. Company A has a foreign subsidiary that must be consolidated. How does Company A determine the appropriate functional currency for the subsidiary? 3. When should Company A recognize a liability associated with a tax deduction taken on its current year tax return that has potential to be disallowed if Company A is audited? How does Company A evaluate goodwill associated with a business combination in 2018 for impairment? Company A is a publicly traded company and has elected to early-adopt ASU 2017-04. 4. 5. Under what circumstances would Company A have to recognize a liability associated with the retirement of a long- lived tangible asset