Hello: I get trouble during I answer the questions include in the document which I attach. Could you help me to finish those questions I list in the ducoment?Thank you very much.

FASB Financial Accounting Standards Codification (FASC) In order to complete this assignment you will need to access the FASB Financial Accounting Standards Codification database. The UH copy of the FASB Financial Accounting Standards Codification (\"FASC\") can be accessed at: http://aaahq.org/ascLogin.cfm. Username - AAA51654 Password - SGiD8Kd After you sign in - click on \"FASB Accounting Standards Codification\" on the screen and the database will open. There is a \"search\" box in the top right of the screen. If you scroll over the topics (Assets, Liabilities, etc.) on the left side of the welcome page you will see the subtopics and contents - click on the subtopic and it will take you to the related Codification content. For some of the topics (see below) you will also be asked and responsible for interpreting how the technical standard is applied or what the objective(s) of the related GAAP rules are attempting to address or other questions as set forth under each topic. You can access each topic by either scrolling over the topics and subtopics until you find the related content or topic or by using the search box. The required topics and related questions are listed below. 1. FASB Accounting Standards Codification FASC This section deals with certain general background considerations and information related to the FASC and the answers can be found by clicking the \"About the Codification\" and \"Notice to Constituents\" sections on the FASC Welcome Page. This section is a good general source of information about the FASC and should be reviewed prior to starting to answer the specific questions set forth in all sections. The related research questions that you must answer are: a. b. c. d. e. When did the FASC Codification become effective? Did the FASC change prior GAAP? What does the FASB expect from the new FASC structure and system? What are the \"topics\" used in the ASC? Are SEC references included in the ASC? 2. Transfer of Receivables FASC 860-10 As the new staff person in your company's treasury department, you have been asked to conduct research related to a proposed transfer of receivables. Your supervisor wants the authoritative sources for the following items that are discussed in the securitization agreement. Access the FASB Codification at http://aaahq.org/ascLogin.cfm to conduct research using the Codification Research System to prepare responses to the following items. Provide Codification references for your responses. (a) 1 Identify relev addresses tra (b) ) Provide defin (c Provide other examples (besides recourse and collateral) that qualify as continuing involvement. 3. Inventories FASC 330-10 Jones Co. is in a technology-intensive industry. Recently, one of its competitors introduced a new product with technology that might render obsolete some of Jones's inventory. The accounting staff wants to follow the appropriate authoritative literature in determining the accounting for this significant market event. Access the FASB Codification at http://aaahq.org/ascLogin.cfm to conduct research using the Codification Research System to prepare responses to the following items. Provide Codification references for your responses. (a) Identify the primary authoritative guidance for the accountin (b) List three types of goods that are classified as inventory. Wh exclude an item from being classified as inventory? (c) Define \"market\" as used in the phrase \"lower-of-cost-or-ma 2 4. Asset Impairments FASC 360-10 / 820-10 Matt Holmes recently joined ABC Company as a staff accountant in the controller's office. ABC Company provides warehousing services for companies in several midwestern cities. The location in Dubuque, lowa, has not been performing well due to increased competition and the loss of several customers that have recently gone out of business. Matt's department manager suspects that the plant and equipment may be impaired and wonders whether those assets should be written down. Given the company's prior success, this issue has never arisen in the past, and Matt has been asked to conduct some research on this issue. Access the FASB Codification at http://aaahq.org/ascLogin.cfm to conduct research using the Codification Research System to prepare responses to the following items. Provide Codification references for your responses. (a) What is the authoritative guidance for asset impairments? B standard (i.e., explain the types of transactions to which the (b) Give several examples of events that would cause an asset t (c) What is the best evidence of fair value? Describe alternate m (d) Does it appear that ABC should perform an impairment test? Explain. 5. Notes Payable FASC 835-30 Bauer Company has been operating for just 2 years, producing specialty golf equipment for women golfers. To date, the company has been able to finance its successful operations with investments from its principal owner and cash flows from operations. However, current expansion plans will require some borrowing to expand the company's production line. As part of the expansion plan, Bauer will acquire some used equipment by signing a zero-interest-bearing note. The note has a maturity value of $50,000 and matures in 5 years. A reliable fair value measure for the equipment is not available, given the age and specialty nature of the equipment. As a result, Bauer's accounting staff is unable to determine an established exchange price for recording the equipment (nor the interest rate to be used to record interest expense on the long-term note). They have asked you to conduct some accounting research on this topic. Access the FASB Codification at http://aaahq.org/ascLogin.cfm to conduct research using the Codification Research System to prepare responses to the following items. Provide Codification references for your responses. (a) Identify the authoritative literature that provides guidance o some of the examples to explain how the standard applies in (b) How is present value determined when an established excha note has no ready market? What is the resulting interest rate (c) Where should a discount or premium appear in the financial 3 4