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.Chapter 16 FASB Codification References [1] FASB ASC 480-10-25. [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), par. 23.] [2] FASB ASC 470-20-25-1 to 2. [Predecessor literature: 'Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants," Opinions of the Accounting Principles Board No. 14 (New York, NY: AICPA, 1973).] [3] FASB ASC 470-20-30. [Predecessor literature: "Accounting for Convertible Debt Instruments that May Be Settled in Cash Upon Conversion," FASB Staff Position No. 14-1 (Norwalk, Conn.: FASB, 2008).]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 718-10-10. Chapter 16 [Predecessor literature: "Accounting for Stock-Based Compensation," Statement of Financial Accounting Standards No. 123 (Norwalk, Conn.: FASB, 1995); and "Share-Based Payment," Statement of Financial Accounting Standard No. 123(R) (Norwalk, Conn.: FASB, 2004).] [5] FASB ASC 260-10-45-2. [Predecessor literature: "Earnings per Share," Statement of Financial Accounting Standards No. 128 (Norwalk, Conn.: FASB, 1997).] [6] FASB ASC 260-10-50. [Predecessor literature: "Earnings per Share," Statement of Financial Accounting Standards No. 128, (Norwalk, Conn.: FASB, 1997.)][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.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". FASB Codification Research Assignment 2 (15 Points) Answer all requirements (i.e., a, b and c) of the Codification Research Case on page 57 in Chapter 16 of the textbook. 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).the accounting for these plans. Instructions Chapter 1 6 If your school has a subscription to the FASB Codification, log in and prepare responses to the following. Provide Codication references for your responses. a. Identify the authoritative literature that addresses the accounting for share-based payment compensation plans. b. Briey discuss the objectives for the accounting for stock compensation. What is the role of fair value measurement? c. The Richardson Company board is also considering an employee share-purchase plan, but the Board does not want to record expense related to the plan. What criteria must be met to avoid recording expense on an employee stock- purchase plan? II