Professional Research FRS9 - 10 Jones Co . is in a technology- intensive industry . Recently , one of its com petitors introduced a new product with technology that might render obsolete some of Jones's inventory . The accounting staff wants to follow the appropriate authoritative literature in determining the accounting for this significant market event . Instructions Access the FRS authoritative literature at the ASB website ( http : / leifriasb . org / ) . When you have accessed the documents , you can use the search tool in your Internet browser to respond to the following questions . ( Provide paragraph citations . )