ch 17 question below

See the bottom of page 1 of the course syllabus for the ' _ . information for the FASB Accounting Standards Codification (ASC). It is repeated here: ' httg:([www2.aaahg.org(' ' The five choices of Codification Cases are as follows: Chapter 17 Codification Research Case Your client, Cascade Company, is planning to invest some of its excess cash in 5-year revenue bonds issued by the county and in the stock of one of its suppliers, Teton Co. Teton's shares trade on the over-the-counter market. The company would like you to conduct some research on the accounting for these investments. instructions If your school has a subscription to the FASB Codification, go to http://aaahq. org to I ' .d prepare responses to the following. Provide Codication references for your responses. (at Since the Teton shares do not trade on one of the large stock markets, Cascade argues that the fair value of this investment is not readily available. According to the authoritative literature, when is the fair value of a security \"readily determinable"? (bl To avoid volatility in their financial statements due to fair value adjustments, Cascade debated whether the bond investment could be classied as held-to-maturity; Cascade is pretty sure it will hold the bonds for 5 years. How close to maturity could Cascade sell an investment and still classify it as held-to-maturity? (Cl What disclosures must be made for any sale or transfer from securities classied as held-to-maturity