For each of the following items, identify the ASC reference that provides guidance on the issue. Topic Subtopic Section Paragraph 1. Should a deferred tax liability be subsequently adjusted to reflect a change in tax rate? Question Blank 1 of 20 740 Question Blank 2 of 20 10 Question Blank 3 of 20 30 Question Blank 4 of 20 4 2. Should inventory be reported as a current asset on the balance sheet? Question Blank 5 of 20 210 Question Blank 6 of 20 10 Question Blank 7 of 20 45 Question Blank 8 of 20 1 3. For the recognition of loss contingencies, what likelihood categories are used to determine whether a liability should be accrued? Question Blank 9 of 20 450 Question Blank 10 of 20 20 Question Blank 11 of 20 25 Question Blank 12 of 20 2 4. In the subsequent measurement of inventory that is reported at LIFO, what does the term market mean? Question Blank 13 of 20 330 Question Blank 14 of 20 10 Question Blank 15 of 20 35 Question Blank 16 of 20 3 5. What are the criteria used to determine whether a lessee should classify a lease as an