# ASC 845-10-15: Nonmonetary Transactions — Overall — 15 Scope and Scope Exceptions Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/845/10/#15-scope-and-scope-exceptions) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:6a61a55d09342600c3d5b49ff3cf6762add9b63c431a3e80eb85769c3f59290b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/845/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [845-10-15-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:e7777d5356018cfd4cb3614d2a195c62e2f40b9ad39bc0b17c8da9e91d2341e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The General Subsection of the Scope Section of the Overall Subtopic establishes the pervasive scope for the Nonmonetary Transactions Topic, with specific exceptions noted in the other Subsections of this Section. #### Entities ##### [845-10-15-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:06bb9466bc11da4fb93b13897a111a6886b9ea66ae6297a64a0ffe7ae715f138 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Nonmonetary Transactions Topic applies to all entities. #### Transactions ##### [845-10-15-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:d12223ae9558b54f98a194a66f00395f46203ceb1331dae56bb3b451250da24c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Nonmonetary Transactions Topic applies to all types of nonmonetary transactions including: 1. a Nonmonetary exchanges involving boot. Some exchanges of [nonmonetary assets](https://asc.understandingaccounting.org/glossary/n/#nonmonetary-assets-and-liabilities "Nonmonetary assets and liabilities are assets and liabilities other than monetary ones. Examples are inventories; investments in common stocks; property, plant, and equipment; and liabilities for rent collected in advance.") involve a small monetary consideration, referred to as boot, even though the [exchange](https://asc.understandingaccounting.org/glossary/e/#exchange "An exchange (or exchange transaction) is a reciprocal transfer between two entities that results in one of the entities acquiring assets or services or satisfying liabilities by surrendering other assets or services or incurring other obligations.") is essentially nonmonetary.(See the [Exchanges Involving Monetary Consideration Subsection](https://asc.understandingaccounting.org/asc/845/10/#15-scope-and-scope-exceptions) of Section 845-10-15 for situations outside the scope of this Subtopic.) ##### [845-10-15-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-4) Pending content: yes Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:75f57a4bfc9efb2c3f2d397d05f132706d138d1d44fca635d6a69690696971df Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Nonmonetary Transactions Topic does not apply to the following transactions: 1. a A business combination accounted for by an entity according to the provisions of Topic 805or a combination accounted for by a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") according to the provisions of Subtopic 958-805 2. b A transfer of nonmonetary assets solely between entities or persons under common control, such as between a parent and its [subsidiaries](https://asc.understandingaccounting.org/glossary/s/#subsidiary "An entity, including an unincorporated entity such as a partnership or trust, in which another entity, known as its parent, holds a controlling financial interest. (Also, a variable interest entity that is consolidated by a primary beneficiary.)") or between two subsidiaries of the same parent, or between a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.") or a [corporate joint venture](https://asc.understandingaccounting.org/glossary/c/#corporate-joint-venture "A corporation owned and operated by a small group of entities (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a corporate joint venture frequently is to share risks and rewards in developing a new market, product or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A corporate joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a corporate joint venture. The ownership of a corporate joint venture seldom changes, and its stock is usually not traded publicly. A noncontrolling interest held by public ownership, however, does not preclude a corporation from being a corporate joint venture.")and its [owners](https://asc.understandingaccounting.org/glossary/o/#owners "Used broadly to include holders of ownership interests (equity interests) of investor-owned entities, mutual entities, or not-for-profit entities. Owners include shareholders, partners, proprietors, or members or participants of mutual entities. Owners also include owner and member interests in the net assets of not-for-profit entities.")(see Subtopic 805-60 for accounting for transfers of nonmonetary assets upon formation of a joint venture) 3. c Acquisition of goods or services or consideration payable to customers involving issuance of the capital stock of an entity under Subtopic 718-10 4. d Stock issued or received in stock dividends and stock splits that are accounted for in accordance with Subtopic 505-20 5. e [Subparagraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/). 6. f A pooling of assets in a joint undertaking intended to find, develop, or produce oil or gas from a particular property or group of properties, as described in paragraph [932-360-40-7](https://asc.understandingaccounting.org/asc/360/932/#360-932-40-7) 7. g The exchange of a part of an operating interest owned for a part of an operating interest owned by another party that is subject to paragraph [932-360-55-6](https://asc.understandingaccounting.org/asc/360/932/#360-932-55-6) 8. h The transfer of a financial asset within the scope of Section 860-10-15 9. i Involuntary conversions specified in paragraph [610-30-15-2](https://asc.understandingaccounting.org/asc/610/30/#610-30-15-2) 10. j The transfer of goods or services in a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") within the scope of Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from contracts with customers in exchange for noncash consideration (see paragraphs [606-10-32-21 through 32-24](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-21) ) 11. k The transfer of a nonfinancial asset within the scope of Subtopic 610-20 in exchange for noncash consideration (see paragraphs [610-20-32-2 through 32-3](https://asc.understandingaccounting.org/asc/610/20/#610-20-32-2) , which require measurement consistent with paragraphs [606-10-32-21 through 32-24](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-21) ). Transition date:(P) December 16, 2028; (N) December 16, 2029Transition guidance: [832-10-65-2](https://asc.understandingaccounting.org/asc/832/10/#832-10-65-2)The guidance in the Nonmonetary Transactions Topic does not apply to the following transactions: 1. a A business combination accounted for by an entity according to the provisions of Topic 805or a combination accounted for by a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") according to the provisions of Subtopic 958-805 2. b A transfer of nonmonetary assets solely between entities or persons under common control, such as between a parent and its [subsidiaries](https://asc.understandingaccounting.org/glossary/s/#subsidiary "An entity, including an unincorporated entity such as a partnership or trust, in which another entity, known as its parent, holds a controlling financial interest. (Also, a variable interest entity that is consolidated by a primary beneficiary.)") or between two subsidiaries of the same parent, or between a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.") or a [corporate joint venture](https://asc.understandingaccounting.org/glossary/c/#corporate-joint-venture "A corporation owned and operated by a small group of entities (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a corporate joint venture frequently is to share risks and rewards in developing a new market, product or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A corporate joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a corporate joint venture. The ownership of a corporate joint venture seldom changes, and its stock is usually not traded publicly. A noncontrolling interest held by public ownership, however, does not preclude a corporation from being a corporate joint venture.")and its [owners](https://asc.understandingaccounting.org/glossary/o/#owners "Used broadly to include holders of ownership interests (equity interests) of investor-owned entities, mutual entities, or not-for-profit entities. Owners include shareholders, partners, proprietors, or members or participants of mutual entities. Owners also include owner and member interests in the net assets of not-for-profit entities.")(see Subtopic 805-60 for accounting for transfers of nonmonetary assets upon formation of a joint venture) 3. c Acquisition of goods or services or consideration payable to customers involving issuance of the capital stock of an entity under Subtopic 718-10 4. d Stock issued or received in stock dividends and stock splits that are accounted for in accordance with Subtopic 505-20 5. e [Subparagraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/). 6. f A pooling of assets in a joint undertaking intended to find, develop, or produce oil or gas from a particular property or group of properties, as described in paragraph [932-360-40-7](https://asc.understandingaccounting.org/asc/360/932/#360-932-40-7) 7. g The exchange of a part of an operating interest owned for a part of an operating interest owned by another party that is subject to paragraph [932-360-55-6](https://asc.understandingaccounting.org/asc/360/932/#360-932-55-6) 8. h The transfer of a financial asset within the scope of Section 860-10-15 9. i Involuntary conversions specified in paragraph [610-30-15-2](https://asc.understandingaccounting.org/asc/610/30/#610-30-15-2) 10. j The transfer of goods or services in a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") within the scope of Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from contracts with customers in exchange for noncash consideration (see paragraphs [606-10-32-21 through 32-24](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-21) ) 11. k The transfer of a nonfinancial asset within the scope of Subtopic 610-20 in exchange for noncash consideration (see paragraphs [610-20-32-2 through 32-3](https://asc.understandingaccounting.org/asc/610/20/#610-20-32-2) , which require measurement consistent with paragraphs [606-10-32-21 through 32-24](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-21) ) 12. l A [government grant](https://asc.understandingaccounting.org/glossary/g/#government-grant "(P) December 16, 2028; (N) December 16, 2029832-10-65-2A transfer of a monetary asset or a tangible nonmonetary asset, other than in an exchange transaction (including an exchange transaction that may be at a significant discount to fair value), from a government to an entity except for a not-for-profit entity and an employee benefit plan within the scope of Topics 960, 962, and 965 on plan accounting.") within the scope of Topic 832. ### Purchases and Sales of Inventory with the Same Counterparty #### Overall Guidance ##### [845-10-15-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:a1a309144a6c3d6a5f312cf41f6f303efabe9db5135e8802d2e6c8e2955e307f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Purchases and Sales of Inventory with the Same Counterparty Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph [845-10-15-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-1), with specific transaction exceptions noted below. #### Transactions ##### [845-10-15-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:14838dd31a04fdbcd95f026ce2c3fe28f1a3cd8e2840ee6c6aa44e4f4733b03c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Purchases and Sales of Inventory with the Same Counterparty Subsections applies to all inventory purchase and sales arrangements, including the following transactions: 1. a Two or more inventory purchase and sales transactions with the same counterparty that are entered into in contemplation of one another and are combined 2. b Situations in which one inventory transaction is legally contingent upon the performance of another inventory transaction with the same counterparty. In these situations the two transactions are deemed to have been entered into in contemplation of one another and would be considered a single [exchange](https://asc.understandingaccounting.org/glossary/e/#exchange "An exchange (or exchange transaction) is a reciprocal transfer between two entities that results in one of the entities acquiring assets or services or satisfying liabilities by surrendering other assets or services or incurring other obligations.") transaction subject to the scope of the Purchases and Sales of Inventory with the Same Counterparty Subsections. ##### [845-10-15-7](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:4d329c83f47950ecc4fc0c504e10746a872188e06ef5bcdb64e3cc57507f36f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The issuance of invoices and the exchange of offsetting cash payments is not a factor in determining whether two or more inventory purchase and sales transactions with the same counterparty shall be considered as a single exchange transaction subject to the scope of the Purchases and Sales of Inventory with the Same Counterparty Subsections. ##### [845-10-15-8](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:b022cbe9ac900ef5aec067a68a87963fd3b89586b554630bc46bf7ee389f0fb3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Purchases and Sales of Inventory with the Same Counterparty Subsections does not apply to inventory purchases and sales arrangements that are accounted for as derivatives in accordance with Topic 815 on derivatives and hedging. 1. a [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-10-15-9](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:49950a5675b7ed40d37fe1ce2e5fadf12cd2d2f59efa5f06723038cf8efef44c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Purchases and Sales of Inventory with the Same Counterparty Subsections do not address whether transactions that are reported at fair value qualify for revenue recognition. See the [Exchanges Involving Monetary Consideration Subsection](https://asc.understandingaccounting.org/asc/845/10/#15-scope-and-scope-exceptions) of Section 845-10-15 for guidance regarding the extent of boot (that is, net cash exchanged) that shall be considered when determining whether the inventory purchase and sales transactions are monetary or nonmonetary in nature. ### Barter Transactions #### Overall Guidance ##### [845-10-15-10](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:e3de0d1de944ef4f31d893918cb069dec79dc5bd71eb664642a40afb4bbc953e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Barter Transactions Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph [845-10-15-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-1), with specific transaction qualifications noted below. #### Transactions ##### [845-10-15-11](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-11) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:b07d90d06865df15debe9ea4dd5e6ca0086df9a085db3e6d203045dfd59090ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Barter Transactions Subsections applies to the following transactions: 1. a Transactions in which nonmonetary assets are exchanged for barter credits. ### Exchanges Involving Monetary Consideration #### Overall Guidance ##### [845-10-15-12](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-12) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:994a718a1c90689bf0e9ecee88910c4bf41378abecc8c248491b77906bd719de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Exchanges Involving Monetary Consideration Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph [845-10-15-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-1), and addresses what level of monetary consideration in a nonmonetary [exchange](https://asc.understandingaccounting.org/glossary/e/#exchange "An exchange (or exchange transaction) is a reciprocal transfer between two entities that results in one of the entities acquiring assets or services or satisfying liabilities by surrendering other assets or services or incurring other obligations.") causes the transaction to be considered monetary in its entirety and, therefore, outside the scope of the Exchanges Involving Monetary Consideration Subsections and this Topic. #### Transactions ##### [845-10-15-13](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-13) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:eae694db2f4fc322e0a858e9e3e0f7bfcd6581f6226f21fabdd6870f79d53ac7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Exchanges Involving Monetary Consideration Subsections applies to nonmonetary exchanges involving monetary consideration (boot). ##### [845-10-15-14](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-14) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:077cf8d67548a4e24668e31dcb87705fbc4528b99a658e97f070a777a0550f4b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in these Subsections does not apply to transfers between a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.") and its [owners](https://asc.understandingaccounting.org/glossary/o/#owners "Used broadly to include holders of ownership interests (equity interests) of investor-owned entities, mutual entities, or not-for-profit entities. Owners include shareholders, partners, proprietors, or members or participants of mutual entities. Owners also include owner and member interests in the net assets of not-for-profit entities."). 1. a [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-10-15-15](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-15) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:36dd61ed9bf9e0d22889ebb0093f886ea4d44d062c30a2fc08c7d9f69a6f5a48 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-10-15-16](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-16) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:30f2fd8a9c10bbe5ce6d6961141a07ac96392ae36467122d59af12428e2efc88 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-10-15-17](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-17) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:f723120780b9cb0aa6cb2af61430a5c59a5bd468b261848a7e243c2f309c7284 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ### Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest ##### [845-10-15-18](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-18) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:d8ca9861a9496c2b558090a9465cfaa435a1f156dfa13dfc0d6efe5f855f3d10 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/). ##### [845-10-15-19](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-19) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:d7964a6003e113a5f3f7f3b420637f5db9d3cac9b665e18ac0b7172a201b7250 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/). ##### [845-10-15-20](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-20) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:26.087Z to 2026-09-10T01:59:26.087Z Record version: sha256:7a9acc1668ced0060156928c54cff44d2aaae2814979be7658a2cdbadc810fe7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/).