The following Trueblood case is recommended for use with this chapter. The case provides an excellent opportunity for class discussion, group projects, and writing assignments. The case, along with Professor's Discussion Material, can be obtained from the Deloitte Foundation at its website:www.deloitte.com/us/truebloodcases.

Case 05–5: Guarantees-R-Us

This case gives students the opportunity to extend their knowledge beyond chapter coverage by researching FASB ASC 460–10: Guarantees–Overall (previously FASB Interpretation No. 45, “Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others”) and applying that GAAP to decide whether specific guarantees are loss contingencies. Cite the appropriate location in the FASB Codification.