Please fully answer all three of these questions using the FASB standards codification website!

Accounting Standards Codification (ASC) Research Assignment 1. How to properly cite an accounting standard from ASC? List the following components in a sequence for proper reference. (1 point) (a) section number, (b) topic number, (c) subtopic number, (d) subsection number ASC 2. What is the definition of a current asset? Cite the Codification topic number(s) relevant to classifying an item as a current asset. (2 points) 3. List the new revenue recognition steps in order; cite the Codification listing the steps an entity follows to recognize revenue. Research ASC 606-10-10-1 to identify the missing words in the following paragraph: The objective of the guidance in ASC 606-10-10-1 "is to establishthat an entity shall apply to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of and arising from a contract with a customer." 2 points)