# ASC 845-10-45: Nonmonetary Transactions — Overall — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/845/10/#45-other-presentation-matters)

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## ASC 845-10-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/845/10/#45-other-presentation-matters)

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### Purchases and Sales of Inventory with the Same Counterparty

##### [845-10-45-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-45-1)

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The classification of inventory as raw materials, work-in-process, and finished goods for purposes of the Purchases and Sales of Inventory with the Same Counterparty Subsections shall be the same classification that an entity uses for external financial reporting purposes.