FASB ASC Research

For each of the following FASB ASC Research cases, search the FASB ASC database for information to address the issues. Cut and paste FASB paragraphs that support your responses. Then summarize briefly what you responses are, citing the pronouncements and paragraphs used to support your responses.

FARS extraordinary items:

Several FASB and EITF pronouncements dealt with accounting for extraordinary items. Search the FASB ASC database to identify all of the FASB and EITF pronouncements dealing with extraordinary items and summarize them.

FARS Comprehensive Income:

SFAS No. 130 (see FASB ASC 220) establish the guidelines for reporting comprehensive income. Search the FASB ASC database for the requirements for reporting comprehensive income

FASB ASC Net Income:

The definition of net income is contained in the FASB ASC. Find this definition cite the paragraph and copy it.

FASB ASC APB Opinion No. 9:

Several Parts of APB Opinion No. 9 are still GAAP. Find three of these references in the FASB ASC.

FASB ASC Extraordinary Items:

The definition of extraordinary items is contained in the FASB ASC. Find this definition cite the paragraph and copy it.

FASB ASC Discontinued Operations:

The definition of discontinued operations is contained in the FASB ASC. Find this definition

FASB ASC accounting changes:

The topic of accounting changes is discussed in the FASB ASC. Find this definition.

FASB ASC Earnings per share:

The topic of earnings per share is contained in the FASB ASC. Find the paragraph and the copy the objectives of earnings per share and the glossary of terms associated with earnings per share.