Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific eight-digit Codification citation

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Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific eight-digit Codification citation (XXX-XX-XX-X) for each of the following: 

1. The balance sheet classification for a note payable due in six months that was used to purchase a building. 

2. The assets that may be excluded from current assets. 

3. Whether a note receivable from a related party would be included in the balance sheet with notes receivable or accounts receivable from customers. 

4. The items that are nonrecognized subsequent events that require a disclosure in the notes to the financial statements.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Intermediate Accounting

ISBN: 978-1260481952

10th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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