Access the FASB Standards Codification at the FASB website (www.fasb.org). 

Required: 

Determine the specific nine-digit Codification citation (XXX-XX-XX-XX) for accounting for each of the following items: 1. On what basis is a contract’s transaction price allocated to its performance obligations? 2. What are indicators that a promised good or service is separately identifiable from other goods and services promised in the contract? 3. Under what circumstances is an option viewed as a performance obligation?