home / study / business / accounting / questions and answers / According To The Text, Currently, There Are A Variety ... Your question has been answered Let us know if you got a helpful answer. Rate this answer . Question: According to the text, currently, there are a vari... According to the text, currently, there are a variety of authorities accounting pronouncement dealing with debt and equity. From the e-Activity (Review the authoritative literature on Statement of Financial Accounting Standards (SFAS) 115 at the FASB Website, located at http://www.FASB.org. Note: Click advance search, type in SFAS 115, for search options select All, and click the arrow to begin the search.), summarize the current accounting treatment for investments in debt and equity securities. Identity three (3) issues with implementation that the Emergency Issues Task Force (EITF) has addressed. Recommend a way in which one could overcome these implementation issues.