Research the FASB codification to identify several areas of interest (Items a-d below) for your client. Find all parts of the codification that relate to the item requested and then list the ASC Topic, Subtopic, Section, and Paragraph for each area that you find. You need to reference all of the codification solutions as FASB ASC XXX-XX-XX-X. You should not copy and paste paragraphs and sentences from the codification into your solution. The client will go to the code reference and look up the GAAP guidance.

1. Ending Inventory ( assume that company does not use LIFO or Retail Inventory method)

2. Goodwill impairment testing

3. Investments in debt securities.

Answer rating: 100% (QA)

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