Question

impany that meets the definition of a VIE required to consolidate the VIE? FASB ASC 1-2 Status of Accounting Research Bulletins Portions of ARB No. 43 are still considered US GAAP. Three of the most important issues covered in ARB No. 43 are revenue recognition, treasury stock, and comparative financial statements. Find the appropriate sections of the FASB ASC, originally contained in ARB NO. 43, that address these issues. Cite the sources and copy the relevant information.

Answer 1

Answer :

First search the glossary for the three terms

Revenue recognition topic 605

Treasury stock topic 505-30

Comparative financial statements topic 205

Then

Search ARB 43 in cross reference

Look for topic 605 (revenue) in the results

Treasury Stock

Search ARB 43 in cross reference

Look for topic 505- 30 (treasury stock) in the results

Comparative Financial Statements

Search ARB 43 in cross reference

Look for topic 205 (comparative financial statements) in the results

205-10-45 Use print function printer friendly with sources.