Using the guidance from ASC 855-10-55-1 and 855-10-55-2 Answer the following: 1. Determine whether the following events occurring on Jan 15 20X2 should be classified as recognized or unrecognized by a company whose fiscal year ended on December 31, 20X1. Include specific guidance references to support your response: A. A customer files for bankruptcy, resulting in the write-down of the customer accounts receivable B. A fire damages corporate headquarters, resulting in an impairment of the asset value C. The company issues bonds D. Court delivers a ruling on litigation that commenced prior to the balance sheet date. E. Equity securities in the pension fund suffer a significant decline in value. 2. Explain what the recognition threshold is for determing whether a subsequent event must be recorded in current-period financial statements. 3. Would you have be able to evaluate the events described in this example using par 20-1 and 25-3 guidance alone? Explain.