ACC 423 Week 2 Assignment Help | University Of Phoenix
- University of Phoenix / ACC 423
- 02 Mar 2019
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ACC 423 Week 2 Assignment Help | University Of Phoenix
Assignment 1
Signature Assignment: Codification
Research Paper
What is a Signature Assignment?
A signature assignment is
designed to align with specific program student learning outcome(s) for a
program. Program Student Learning Outcomes are broad statements that describe
what students should know and be able to do upon completion of their degree.
The signature assignments are graded with an automated rubric that allows the
University to collect data that can be aggregated across a location or college/school
and used for program improvements.
Write a 700- to 1,050-word
paper.
Your client, Cascade Company,
is planning to invest some of its excess cash in 5-year revenue bonds issued by
the county and in the stock of one of its suppliers, Teton Co. Teton's shares
trade on the over-the-counter market. The company would like you to conduct
some research on the accounting for these investments.
Review the FASB Codification Student
Instructions.
Provide Codification references
for your responses below.
Incorporate your review of the FASB
link to determine when the fair value of a security "readily
determinable".
Since the Teton shares do not
trade on one of the large stock markets, Cascade argues that the fair value of
this investment is not readily available.
Describe how an impairment of a
security is accounted for.
Determine how close to maturity
Cascade could sell an investment and still classify it as held-to-maturity.
To avoid volatility in their
financial statements due to fair value adjustments, Cascade debated whether the
bond investment could be classified as held-to-maturity; Cascade is pretty sure
it will hold the bonds for five years.
List disclosures that must be
made for any sale or transfer from securities classified as held-to-maturity.
Format your paper consistent
with APA standards.
USA 
India