Access the FASB Accounting Standards Codification at the FASB website Required:
a. Obtain the relevant authoritative literature on recognition of contingent losses. What is the specific citation that describes the guidelines for determining when an expense and liability should be accrued for a contingent loss?
b. List the guidelines.

Sam robinson borrowed $21,000 from a friend and promised to pay the loan in 10 equal annual installments beginning one year from the date of the loan. sam’s friend would like to be reimbursed for the time value of money at a 9% annual rate. what is the annual payment sam must make to pay back his friend?

How did lani lazzari show her investors she was a good investment? (site 1)

Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.