A e Fit to width Page View For the first four questions, provide the complete codification reference. You do not need to explain your answer, ASC reference only. 1. Due to rising fuel costs, your client, Amazon.com, is considering adding a charge for shipping and handling costs on products sold through its website. What is the authoritative guidance for reporting these costs? 2. What guidance does the Codification provide concerning reporting inventories above cost? 3. Your aunt, who is a CPA, is impressed that you are majoring in accounting. However, she believes depreciation is something that companies do based on past practice, not on the basis of any authoritative guidance. Provide the authoritative literature to support the practice of fix-asset depreciation. What guidance does the Codification provide on the disclosure of long-term obligations? 5. What is the most recent official pronouncement issued by the Financial Accounting Standards Board? Briefly describe the pronouncement. What is the effective date of the change