Question

Codification to identify accounting authority: a. accounting for prepaid advertising b. accounting for reclassification of current...

Codification to identify accounting authority: a. accounting for prepaid advertising b. accounting for reclassification of current to long-term debt c. accounting for accelerated depreciation d. accounting for when a range of an estimated loss contingency exists e. accounting for a reporting period f. accounting for factoring of trade receivables with recourse

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Answer #1

Codification to identify accounting authority

Terms

Code

A). Accounting for prepaid advertising

ASC 340-20

B.) Accounting for reclassification of current to long-term debt

ASC 470-10-45-12,13

C). Accounting for accelerated depreciation

ASC 360-10-35-7

D). Accounting for when a range of an estimated loss contingency exists

ASC 450-20-25-1

E). Accounting for a reporting period

ASC 270-10-05-1

F). Accounting for factoring of trade receivables with recourse

ASC 860-10-05-14

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