Question: Exercise 18-22 (Static) FASB codification research (LO18-1, 18-5, 18-8] Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific eight-digit Codification
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Exercise 18-22 (Static) FASB codification research (LO18-1, 18-5, 18-8] Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific eight-digit Codification citation (XXX-XX-XX-X) for accounting for each of the following items: 1. Requirements to disclose within the financial statements the pertinent rights and privileges of the various securities outstanding 2. Requirement to record a "small" stock dividend at the fair value of the shares issued. 3. Requirement to exclude from the determination of net Income gains and losses on transactions in a company's own stock. Requirement Topic Subtopic Section Paragraph 1. 2. 350 30 3 3. Exercise 18-22 (Static) FASB codification research (LO18-1, 18-5, 18-8] Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific eight-digit Codification citation (XXX-XX-XX-X) for accounting for each of the following items: 1. Requirements to disclose within the financial statements the pertinent rights and privileges of the various securities outstanding 2. Requirement to record a "small" stock dividend at the fair value of the shares issued. 3. Requirement to exclude from the determination of net Income gains and losses on transactions in a company's own stock. Requirement Topic Subtopic Section Paragraph 1. 2. 350 30 3 3
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