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Category > Accounting Posted 10 Sep 2017 My Price 7.00

FASB codification

Research Case 4–5

FASB codification; locate and extract relevant information and cite authoritative support for a financial reporting issue; restructuring costs; exit or disposal cost obligations

The accrual of restructuring costs creates obligations (liabilities) referred to as exit or disposal cost obligations.

Required:

1. Obtain the relevant authoritative literature on exit or disposal cost obligations using the FASB Accounting Standards Codification. You might gain access at the FASB website (asc.fasb.org). What is the Codification topic number that addresses this issue?

2. What is the specific citation that addresses the initial measurement of these obligations?

3. How are these obligations and related costs to be measured?

4. What is the specific citation that describes the disclosure requirements in the notes to the financial statements for exit or disposal obligations?

5. List the required disclosures.

Answers

Maurice Tutor
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Status NEW Posted 10 Sep 2017 01:09 PM My Price 7.00

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