EASPRerarch Pupen Oew FASB sesearch paper will be the coubination of two cases contained in car eText. The fint one can be forand ia the end of chapter materials of Chapter 5 : Codification the cases. See iteu linted telow for EASB Codification accest. Mease anwer all questions linted noder the Instructicas. Your write op for each case should be at least 2 pages (4 pages for both) and bae Week 12 . Clexpter 5: Codification Research Case In fight of the fuil disclowure principle, inwestors and creditors need to know the bulances for assets. liabilities, and equity an well as the accounting policles adopted ty managerent to mesiare the iterns reported in the bulance sheet. Intructions If your whool has a subscription to the FASB Codification, 80 to htfochaoha argasclogin.cfm to log in and prepare responses to the following Frevide Codification referencet for your respones. ta! Derifly the literature that addresses the diciclosure of accounting policies. (b) How are jocourting policies defined in the literature? What are the three scenarios that would result in detailed disclosure of the accounting methods ised? (d) What are some nxarrples of coenmon disclosures that are required under this staternent? Chapter 6 Codification Research Case At a recent mevting of the accounting staff in your compamy, the controller taised the issue of using present value techniques to conduct impairment tests for some of the company's foed assets. Some of the more senior members of the staff afmitted having little knowledge of present value concepts in this context, but they had heand about a FASE Concepts Statement that may be relevant. As the junior staff in the department, you have been aslod to conduct sorne research of the authoritative literature on this togic and report tack at the staff nieeting next weck. Instructions Concepts. Whea you have accessed the documents you can use the search tool in your internet browser to respond to the following items. (Provide paragoph citations.] (2) Berify the concept statensent that addresses present value measurenent in accounting: (6) Whyt are vane of the contexts in which present value concepts are applied in accounting measurement? Provide definitions for the following terms: - 1.3est estimate. - 2. Estimated cash flow (contrasted to expected cash flow) - 3 Fresh-start measurement - 4.Interest methods of allocation