Chapter 1, Problem 1.3E

(1)

To determine

Financial Accounting Standards Board (FASB): FASB is an independent 7 member board, of accounting professionals overseeing the creation of financial statement. FASB standards are generally known as GAAP.

To Identify: The Codification topic number that provides guidance on fair value measurements.

(2)

To determine

To Identify: The specific citation that lists the disclosures required in the notes to the financial statements for each major category of assets and liabilities measured at fair value.

(3)

To determine

To List: The disclosure requirements.