If your school has a subscription to the FASB Codification, go to aaahq.org/ascLogin.cfm to log in and

Question:

If your school has a subscription to the FASB Codification, go to aaahq.org/ascLogin.cfm to log in and prepare responses to the following:
(a) What is the long-term obligation?
(b) What guidance does the Codification provide for the disclosure of long-term obligations?