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Use the FASB codification database to find the following information. Please type your answers. Because the purpose of this assignment is to learn to navigate
Use the FASB codification database to find the following information. Please type your answers. Because the purpose of this assignment is to learn to navigate and locate information in the codification database, you may copy and paste the appropriate paragraphs to support your answer using ASC references. The assignment is due on November 11, and is worth 20 points (4 points per question).
- Find the rule that requires companies to report earnings per share information for net income on the face of the income statement.
- Find the calculation of basic earnings per share.
- Find a paragraph that establishes the approved reporting formats for comprehensive income.
- Find a paragraph that establishes which items should be included in a full set of financial statements.
- Find the rule that establishes the time period a company should use to determine the classification of an asset as current.
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