The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles.

Required:

1. Obtain the relevant authoritative literature on fair value measurements using the FASB’s Codification Research System at the FASH website (www.fasb.org). Identify the Codification topic number that provides guidance on fair value measurements.

2. What is the specific citation that lists the disclosures required in the notes to the financial statements for each major category of assets and liabilities measured at fair value?

3. List the disclosure requirements.