Instructions Chapter 15 If your school has a subscription to the FASB Codification, log in and prepare responses to the following. Provide Codification references for your responses. a. Identify the authoritative literature that addresses disclosure of information about capital structure. b. Find definitions of the following: 1. Securities. 2. Participation rights. 3. Preferred stock. c. What information about securities must companies disclose? Discuss how Hincapie should report the proposed preferred stock issue.ACCT 302 Written Assignments FASB Codification Research Assignment 1 (15 Points) Answer all requirements (i.e., a, b and c) of the Codification Research Case on page 52 in Chapter 15 of the textbook. For requirement a, change the phrase "disclosure of information about capital structure" to "disclosure information about shareholders' equity". Note: in answering the definitions of accounting terms (e.g. securities), you should use the definition in the FASB Codification database and provide the ASC reference (e.g. ASC 505-10-20 for securities definition).Bridge to the Profession Chapter 15 FASB Codification References [1] FASB ASC 480-10-05. [Predecessor literature: "Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity," Statement of Financial Accounting Standards No. 150 (Norwalk Conn.: FASB, 2003).] [2] FASB ASC 505-10-50-3. [Predecessor literature: "Disclosure of Information about Capital Structure," Statement of Financial Accounting Standards No. 129 (Norwalk, Conn.: FASB, 1997).] [3] FASB ASC 505-20-05-2. [Predecessor literature: American Institute of Certified Public Accountants, Accounting Research and Terminology Bulletins, No. 43 (New York: AICPA, 1961), Ch. 7, par. 10.][4] FASB ASC 505-20-25-3. Chapter 15 [Predecessor literature: American Institute of Certified Public Accountants, Accounting Research and Terminology Bulletins, No. 43 (New York: AICPA, 1961), par. 13.] [5] FASB ASC 505-10-50-3. [Predecessor literature: "Disclosure of Information about Capital Structure," Statement of Financial Accounting Standards No. 129 (Norwalk, Conn.: FASB, February 1997), par. 4.] Codification Exercises If your school has a subscription to the FASB Codification, log in and prepare responses to the following. Provide Codification references for your responses