On February 21, 20X1, Questions Inc. signed a contract with Testing 123 Corp. The initial terms of the contract require Questions Inc.to to write 100 questions for Testing 123 Corp's National testing review course. In return, Testing 123 Corp will pay Questions Inc. $25 per question. On March 12, 20X1, after Questions Inc. has submitted 75 questions, both parties agreed to a change in the contract terms. The new terms provide that Questions Inc. will provide an additional 50 questions for $30 per question. Which section of the authoritative literature addresses the amount of revenue that Questions Inc. should recognize for the remaining questions to be submitted?

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As a staff accountant at a company that provides life insurance, the controller has asked you to prepare a report on the assumptions related to settlement costs needed to calculate the liability for future benefits associated with new insurance policies. Which section of the authoritative literature best provides guidance on determining the expense assumptions used to estimate future liabilities? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields.

Type the topic here. Correctly formatted FASB ASC topics are 3 digits.