Question
Use FASB Codification to answer the following questions: 1. What is the ASC reference (ASC XXX)- down to the paragraph levelof detail- for the following
Use FASB Codification to answer the following questions:
1. What is the ASC reference (ASC XXX)- down to the paragraph levelof detail- for the following respond using complete sentences.
2. Criteria for determining whether a lease should be classified as capital versus operating.
3. Criteria for determining whether information about an operating segment should be reported separately (i.e., as a reportable segment) in the notes to a companys financial statements
4. Guidance on whether Treasury share transaction guidance in the Codifications applies to nonpublic entities
5. Guidance indicating which assets are generally classified on the balance sheet as current assets
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