Your company has decided to consider competing against the local cable company and your Chiut Executive Oflicer has asked you to research the accounting hterature related to the following financial reporting issue: Intangible Costs related to the Cable Television Industry. You know that the FASB Accounting Standards Codification 9 is the source of authoritative generally accopted accounting principles recognized by the FASE and want to access for your research. Prepare a memo to your CEO (using the attached 1.) making sure each of the foliowing items is addressed: - (4 points) The accounting standards topic number that addresses the cable television industry. - (4 points) What is definition of the "prematurity period" for cable television companies? - (4 points) How are programming costsrecorded during the prematurity period? - (4 points) How should franchise application costs be recorded by these entities? - (4 points) How should capitalized costs be amortized by these entities (subsequent measurement of costs)? The memo should be no more than one page