I have a research paper that I need to have written before March 15th. I have paste below the details of my assignment

B&L, Inc., located at 3200 College Avenue, Davie FL 33314, is a publicly traded firm that offers various business services. In 2015 it started offering financial services. As of December 31, 2015, B&Ls fiscal year-end, it held three investments totaling $70 million, an amount it considers material. Details regarding the breakdown of these investments are listed below. B&L is your client and Warren Gordon is the President of B&L. You are a newly hired staff member of FAU, Inc., an accounting firm located at 777 Glades Road, Boca Raton, FL 33431. Because Warren is unfamiliar with the proper accounting treatment regarding investments in debt and equity securities according to United States Generally Accepted Accounting Principles (US GAAP), he has hired FAU, Inc. to explain the accounting treatments specified by US GAAP.

Your firm has delegated to you the task of determining the treatment of investments, and has asked that you prepare a four (4) page typed memo (not handwritten, 1.5 spacing -- not double spaced), including a works cited page (the 4^th page of your memo should be designated as the works cited page; use MLA Format for your works cited page) to the client explaining

1.The standards that govern US GAAP treatment of investments, comprehensive income, and other comprehensive income.

2.How to classify the investments held at year-end, assuming B&L lacks significant influence.

3.How and where unrealized holding gains / losses are reported.

4.The required financial statement presentation and note disclosures regarding investments.

In addition, you are to formulate a question to ask the client that would help you determine the different types of investment transaction(s) in which it could be involved, and include that in the conclusion of your memo.

Information regarding the investments held at 12/31/15 that particularly concerns Warren is as follows:

On January 1, 2015, B&L, Inc. purchased, at face value, $20 million of 10 year, 10% bonds of Techo, Inc. Interest is paid semi-annually on June 30^th and December 31^st. Management has the ability and plans to hold these bonds until they mature.

On September 30, 2015, B&L, Inc. purchased, as a long-term investment, 500,000 shares of Medex common stock at a cost of $25,000,000.

On December 15, 2015, B&L, Inc. purchased 1 million shares of Cycam common stock at a cost of $25,000,000. Management plans to sell this investment in early 2016.

The year-end market prices of the Medex and Cycam common stock were $55 and $27 per share, respectively. The fair value of the Techo bond investment was $16 million.

This memo is expected to be professional and informative. Remember the purpose of the memo and the audience that it is addressing when you write it.

Follow the proper format for a memo, as presented in May & May, Effective Writing: A Handbook for Accountants. 10^th edition. I will allow sub-headings in your memo.

Helpful Hint: Remember to include headings, a proper introduction that previews your headings, and a conclusion. When citing sources within your memo and preparing a works cited page, please follow the formats illustrated in the May & May text on pages 162-164. Please be sure to prepare your memo according to the proper format for a memo, as presented in May & May, Effective Writing: A Handbook for Accountants. You may include tables and / or vertical enumerated points to illustrate the information you are providing to your client.

IMPORTANT: You must turn in a hard copy of your writing assignment in class on the due date assigned per the syllabus and email your writing assignment toagaze@fau.edu. You must do both: submit a hard copy in class and email your assignment.

NOTE: This is an individual exercise. You may not collaborate with anyone on this assignment! If your memo is substantially similar (e.g., very similar wording and phrasing) to a memo submitted by another student, I will consider the similarity as evidence that you collaborated with that individual. In that case, both you and the other student will receive zero (0) points on this assignment.

IMPORTANT WARNING: If your writing assignment score includes 3 or more of the student learning outcomes in the Developing category, most likely you will fail this assignment.

Research Hints

Effective July 1, 2009, the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) is the official guidance regarding GAAP. You can locate the Codification at http://aaahq.org/ascLogin.cfm

Note: You will be required to enter the following User Name and password to gain access to the Codification.

User Name: AAA51093

Password: 57HfzME

There is a tutorial on the FASB Codification webpage for those who want further details on navigating the website.

Note: You are to use the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) as one of your main source(s) for this writing assignment. Failure to use the FASB ASC will result in you not being awarded full points on your writing assignment, which may result in your failing the assignment. See FASB ASC Citing Hints on the next page.

Other resources to help you with your research can be found on the FAU library web site. As a student with a valid FAU student owl card you have access to several electronic databases at the library.

Continued on Next Page

FASB ASC Citing Hints

The FASB ASC system is broken down as follows:

Topic XXX

Subtopic XX

Section XX

Paragraph XX

So if you were to reference 410-20-25-5, Asset Retirement and Environmental Obligations, you are telling the reader that you located your information in the FASB ASC under:

Topic 410

Subtopic 20

Section 25

Paragraph 5

The following example is acceptable when citing the FASB ASC in my class.

The initial recording of an asset retirement obligation (ARO) requires the capitalization of asset retirement costs, by increasing the book value of the related asset by the same amount of the ARO liability recorded (FASB ASC 410-20-25-5).

When preparing your Works Cited page, the following is acceptable for my class when referencing the FASB ASC.

Example:

Financial Accounting Standards Board (FASB), XXXX. Accounting Standards Codification.

Stamford, Conn.: FASB.

Note: The XXXX above represents the Year you consulted/accessed the FASB Accounting Standards Codification (ASC). On your memo since you are consulting the FASB ASC in 2016 your reference on your Works Cited page would be as follows:

Financial Accounting Standards Board (FASB), 2016. Accounting Standards Codification.

Stamford, Conn.: FASB.