FASB Standard on Revenue Recognition. Application in a Agriculture Company.

Using the FASB Codification System Web Site (ASC) as your source (there are a link and password at the end of this instruction), review the Standards for Revenue Recognition. Then, answer the following questions: 1) In your opinion, what would be the appropriate Standard of revenue recognition for an Agricultural Company which generates its revenue by selling crops to a processor? Explain your answer in no more than one page. (Identify the Standard using the format FASB ASC XXX-XX-X). 2) Do you think that the rules regarding standards on revenue recognition should be revised? Explain your answer in no more than one page. Notes: -Be sure to cite your source. -Make sure all citations are referenced in APA format. -FASB Codification System Website: https://aaahq.org/Research/FASB-GARS User and password sent in the login for writer section.