FASB Accounting Standards Codification.

1.What is the FASB codification number for the subsequent measurement for fair value measurement?

A) 820.10.20

B) 820.10.35

C) 820.10.15

D) 820.10.10

2. According ASC 505.30.50-2, what must a company do if state laws restrict the availability of retained earnings for payment of dividends or have other effects of a significant nature?

A) Disclose the facts

B) Declare cash dividends only

C) Restrict dividends to the balance in the Cash Account

D) Declare stock dividends only

3. "Asset valuation allowances for losses such as those on receivables and investments shall be deducted from the assets or groups of assets to which the allowance relate" can most likely be found in which ASC category number?

A) 210

B) 220

C) 310

D) 410

4. ASC 605.10.25-1 identifies two factors regarding the recognition of revenues and gains. What are they?

A) Being earned, and Being collected

B) Being collected, and Being measurable

C) Being measurable, and Being readily convertible

D) Being realized or realizable, and Being earned

5. According to ASC 730-10-05-2, research and development costs fail to satisfy which test for accounting recognition as an asset?

A) Expense Recognition test

B) Measurability test

C) Comparability test

D) Timeliness test

Please answer as much as you can. Thank you.