FASB Codification

1. What section deals with Deferred Revenues?

2. What section deals with Stock Compensation to employees?

3. What would be the citation for general Equity issues involving Treasury Stock?

4. Find and cite the section that explains how to recognize debt issued with detachable warrants.

5. Where is Goodwill discussed in the codification?

6. What is Goodwill?

7. Can Goodwill be impaired? If so how often do we test it for impairment?

8. Can Goodwill be amortized? If so how long?

9. If Goodwill is amortized is it still subject to impairment tests? Explain.

10. If a company loans money to the CEOs spouse, is there a special disclosure required.