Instructions:

Determine the specific seven- or eight-digit Codification citation (XXX-XX-XX-X) for accounting for each of the following items:

1. Definition of initial direct cost.
2. When a modification to a contract is reported as a separate contract (that is, separate from the original contract).
3. The disclosures required in the notes to the financial statements for a lessor.
4. The classification criteria for when a lessee classifies a lease as a finance and a lessor classifies a lease as a sales-type lease.