Accounting Standards Codification (ASC)

Access the Accounting Standards Codification via the American Accounting Association website noted in your instructions. Determine the specific citation for each of the following items:

1. What is the balance sheet classification for a note payable due in six months that was used to purchase a building?

2. Which assets may be excluded from current assets?

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

4. What items are unrecognized subsequent events that require a disclosure in the notes to the financial statements?