Paper 76

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
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across a location or college/school and used for program improvements.
Resource: FASB Codification Link.
Write a 700- to 1050-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.