PART 2: To complete Part 2 of the assignment, you will provide a written discussion (1-2 pages) covering the following items: (Value = 80 points total for Part 2) Research and discuss the new revenue recognition literature as you previously studied in your Intermediate Accounting I class. This part of the assignment requires you to reference the Accounting Standards Codification (ASC) as it relates to ASU 2014-09, found in ASC section 606, Revenue from Contracts with Customers. In your discussion, be sure to include the following topics, at a minimum: the core revenue recognition principle, the five steps of revenue recognition, revenue recognition at a single point in time, revenue recognition over a period of time, and revenue recognition for long-term construction contracts. (60 points) At least two references (excluding your textbook) must be utilized. The references should be properly listed on a separate sheet of paper under a heading labeled "References" (5 points). They must also be properly cited within your discussion using APA 7th ed. style (5 points). Please review APA 7th ed. Style Guide or visit Perdue University's Online Writing Lab (OWL) for properly citing a work. The link is: The Owl of Purdue For the discussion portion of this assignment be sure to construct an introduction, body, and conclusion (5 points). Use 12 pt. Times New Roman font and double-space your paper. As always, the use of proper grammar and spelling is anticipated (5 points)