Part B. What is permanent equity? And... what is temporary equity? Provide examples of each. Where must temporary equity be reported? (hint: also look up mezzanine equity.)

You must answer this question by writing a 1-paragraph memo addressed to me (assume I am your client, and I am deeply concerned that my reporting of capital amounts is incorrect). You must attach a cite (copy & paste actual paragraphs from financial accounting pronouncements you find on the FASB.org website) of the specific guidance that supports your position (assuming you can find any). If you cant find anything helpful at FASB.org, see if there is authoritative guidance from another source.