(1)
FASB codification:
Financial Accounting Standards Board (FASB): FASB is an independent 7 member board, of accounting professionals overseeing the creation of financial statement. FASB standards are generally known as GAAP.
FASB codification facilitates user access to all legitimate U.S. generally accepted accounting principles (GAAP) by providing all the legitimate literature about a particular topic in one location.
To identify: The codification topic number addressing the literature on exit or disposal cost obligations.
(2)
To identify: The specific citation that addresses the initial measurement of exit or disposal cost obligations.
(3)
To identify: The method in the valuation of exit or disposal cost obligations.
(4)
To identify: The specific citation that describes the disclosure of disclosure requirements in the notes to the financial statements for exit or disposal obligations.
(5)
To list: The required disclosure of exit or disposable cost obligations.
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- Accounting Information SystemsFinanceISBN:9781337552127Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan HillPublisher:Cengage Learning