# ASC 210-10-50: Balance Sheet — Overall — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/210/10/#50-disclosure)

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## ASC 210-10-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/210/10/#50-disclosure)

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#### Current Assets

##### [210-10-50-1](https://asc.understandingaccounting.org/asc/210/10/#210-10-50-1)

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It is important that the amounts at which [current assets](https://asc.understandingaccounting.org/glossary/c/#current-assets "Current assets is used to designate cash and other assets or resources commonly identified as those that are reasonably expected to be realized in cash or sold or consumed during the normal operating cycle of the business. See paragraphs 210-10-45-1210-10-45-2210-10-45-3210-10-45-4.") are stated be supplemented by information that reveals, for the various classifications of inventory items, the basis upon which their amounts are stated and, where practicable, indication of the method of determining the cost—for example, average cost, first-in first-out (FIFO), last-in first-out (LIFO), and so forth.