Paper

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.  Resource: FASB Codification Link. 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. Instructions: Access the FASB Codification. Review the log-in 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. Submit your assignment to the Assignment Files tab.
Paper
Copyright © 2016 by University of Phoenix. All rights reserved. FASB Student Instructions 1 1. Navigate to the FASB home page . 2. Use the following Username and Password to access the Website. Username: AAA51694 Password: 4qQA8Xy 3. Click the FASB Accounting Standards Codification link to proceed. Copyright © 2016 by University of Phoenix. All rights reserved. FASB Student Instructions 2 4. Under the Help menu, c lick the Help Topics link and navigate through the FASB Accounting Standards Codification™ resources .