Determine the specific codification citation for each item 1 - 5 listed below. List specific references using
Question:
Determine the specific codification citation for each item 1 - 5 listed below. List specific references using the codification address methodology (i.e., "FASB ASC 470-10-50-1"). (Value = 2 points each = 10 total points for Part 1) 1. The topic number for business combinations. 2. The topic number for related party disclosures. 3. The topic, subtopic, and section number for the initial measurement of internal-use software. (Hint: search internal-use software). 4. The topic, subtopic, and section number for the subsequent measurement of asset retirement obligations. 5. The topic, subtopic, and section number for the recognition of stock compensation. PART 2 Instructions: Provide written discussion covering each of the following items in detail. (Value = 30 total points for Part 2) Research and discuss the historical origin and purpose of the Financial Standards Accounting Board (FASB) and the ASC -Accounting Standards Codification (FASB) and the ASC -Accounting Standards Codification Discuss its application and importance to the accounting profession and any additional insights you have gained from this research At least two references must be utilized. The references should be properly listed in your submission. after your conclusion portion of your paper, then type a heading labeled "References" and list the references The references must also be properly cited within (in-text) your discussion 7 (5 pts). Contact the Athens State Writing Center for assistance or review Perdue University's Online Writing Lab (OWL). Here is the Purdue Owl link: https://owl.english.purdue.edu/owl/resource/560/01/Links to an external site. For the discussion portion of this assignment be sure to construct an introduction, body, and conclusion (5 pts). As always, the use of proper grammar and spelling is anticipated.