• FASB ASC 122Interpretations of SFAS No. 109

  Interpretations of SFAS No. 109 The EITF has issued numerous interpretations of SFAS No. 109 that are grouped by subject matter.

  1. List the general topics covered by these interpretations.
  2. Write a brief summary of three of these interpretations.
• FASB ASC 124Deferred Tax Benefits for the Oil and Gas Industry

  The FASB ASC gives an example for the oil and gas industry of an issue that should be considered when assessing whether to record the tax benefit of a deferred tax benefit. Find, cite, and copy that example.

• FASB ASC 127Deferred Taxes in the Casino Industry

  The FASB ASC gives examples of special deferred tax items for the casino industry. Find, cite, and copy these differences.