Please complete the below problems and submit your answers in the Week 3 Homework Assignment page in the Course Resources page under the Introduction & Resources Module. Navigate to the Program Resources section and click on FASB Codification Access. At the American Accounting Association log-in page, enter the username and password furnished by your professor. Once in, find the Help section of the landing page. Click the About the Codification link. Read the .pdf document and answer the following questions with information you learned in the document, your book, and through internet research.

1. Why was codification needed?
2. What is the goal of codification?
3. What authoritative literature does the codification supersede?
4. How is the codification structured? Include as discussion of the topic, subtopics, sections, and subsections in your answer.
5. What is a landing page?
6. What is pending content?
7. How is SEC content differentiated from FASB content?
8. Log into the codification database and perform a search on the following terms and answer the related questions.
   1. Warranty Expense
      1. How many results did you get?
      2. Click on 605 Revenue Recognition > 20 Services > 25 Recognition and summarize what is said in subsection 25-3.
   2. Property, Plant, and Equipment
      1. How many results did you get?
      2. Click on 360 Property, Plant, and Equipment > 10 Overall > S50 Disclosure, and summarize what is said in subsection S50-1.
   3. Loss Contingencies
      1. How many results did you get?
      2. Click on 450 Contingencies > 20 Loss Contingencies > 25 Recognition and summarize how to account for loss contingencies.