Question: 1) Using the Codification, identify the Topic, Subtopic, Section & Paragraph(s) for questions a. How a company should report an outstanding letter of credit? b.

1) Using the Codification, identify the Topic, Subtopic, Section & Paragraph(s) for questions

a. How a company should report an outstanding letter of credit?

b. The accounting for a reporting period.

c. How should the accountant classify such debt in the financial statement?

2) Use the Codification to locate archived FASB Interpretation 36.

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