Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine each of the following: Required:
1. The topic number (Topic XXX) that provides the accounting for earnings per share.
2. The specific eight-digit Codification citation (XXX-XX-XX-X) that describes the additional information for earnings per share that must be included in the notes to the financial statements.
3. The specific eight-digit Codification citation (XXX-XX-XX-X) that requires disclosure of transactions affecting the number of common shares outstanding that occur after the most recent reporting period but before the financial statements are issued.

The following are the answers to the question, using the FASB Acounting Standards Codification at the FASB website:

1. Topic 260, FASB Accounting Standards Codification is the topic number (Topic XXX) that provides the accounting for earnings per share.

2. FASB ASC 260-10-50-1

3. FASB ASC 260-10-50-2

$121.5

Explanation:

Interest is calculated using the formula.

I= P x  R x T

for Kevin's case

P is the principal = $1200

R is the interest rate =18% per year

T is 9 months.

the applicable interest rate will be for 9 months

Therefore, r = 18/12 x 9

=1.5 % x 9 = 13.5%

Time is 9 months which = 9/12 of one year = 0.75

I= $1200 x (13.5/100) x 0.75

I = 1200 x 0.135 x 0.75

I=121.5

Kevin will pay Interest of  $121.5