Please see the questions below. When you are asked to cite the Accounting Standards of

Codification, please cite as such:

For example, if you are being asked to cite what section of ASC pertains to the

concept that the presentation of comparative financial statements in annual

financial reports enhances the usefulness of such reports and brings our more

clearly the nature and trends of current changes affecting the enterprise, you

would simply answer ASC 205-10-45-1. If the question is just seeking an

answer, please answer the question based on the Accounting Standards state.

If the question asks for both, please cite the code as above and describe the

answer following the citation.

1. What section of GAAP states that Held-to-Maturity securities should be measured subsequently

at amortized cost in the statement of financial position? Just identify the section of ASC that

pertains to this.

2. What does GAAPs position on whether an entity should report a note receivable arising from the

issuance of an equity security. Please cite the appropriate ASC and discuss the position that GAAP

takes on this issue.

3. Find the appropriate ASC citation regarding the Disclosure Requirements for long-term debt.

Please state the ASC and describe the disclosure requirements.

4. Using GAAP, cite and explain when the straight-line method can be used as alternative to the

interest method of determining interest.