Identify Sources Of Authoritative GAAP Practice Test

A for-profit software company enters into a noncancellable 3-year contract to provide a customer with access to its hosted software platform (software-as-a-service) and ongoing technical support for a fixed monthly fee. Management is preparing year-end financial statements and needs to identify the authoritative GAAP guidance that establishes the 5-step revenue recognition model, including identifying performance obligations and determining the transaction price. Which section of the FASB ASC provides guidance on applying the 5-step model for this arrangement?

A for-profit manufacturing company holds investments in debt securities and is preparing its year-end financial statements. Management needs authoritative guidance on how to classify the debt securities (trading, available-for-sale, or held-to-maturity) and how to measure and report unrealized gains and losses. Which section of the FASB ASC provides guidance on classification and measurement of investments in debt securities?