FASB Codification/AAA Student Log in Access http://aaahq.org/FASB-GASB Student Access Username - AAA53060 Password - 7RHs3pS 1 -
Question:
FASB Codification/AAA Student Log in Access
http://aaahq.org/FASB-GASB
Student Access Username - AAA53060 Password - 7RHs3pS
1 - The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles.
Required: Determine the specific citation for accounting for the following:
Where in the FASB code is it discussed how to record the initial measurement of a Variable Interest Entity in a Business Combination?
2 - The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles.
Required: Determine the specific citation for accounting for the following:
The preferred method of presenting a noncontrolling interest in a consolidated balance sheet would be as a separate item within the stockholders' equity section.
3 - The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles.
Required: Determine the specific citation for accounting for the following:
When a company assigns goodwill to a reporting unit acquired in a business combination, it must record an impairment loss if the fair value of the reporting unit is less than its carrying value and the carrying value of goodwill is more than the implied value of its goodwill.
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson