{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/845/10/#sec-30-initial-measurement","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"845","topic_title":"Nonmonetary Transactions","subtopic":"845-10","subtopic_title":"Overall","section":{"number":"S30","label":"SEC 30 Initial Measurement","anchor":"sec-30-initial-measurement","is_sec":true,"groups":[{"block":null,"heading":"Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest","paragraphs":[{"citation":"845-10-S30-1","para":"S30-1","html":"See paragraph 845-10-S99-2, SEC Observer Comment: Accounting by a Joint Venture for Businesses Received at Its Formation, for SEC Staff views on the application of purchase accounting in the formation of new joint venture. See paragraph 845-10-S99-3, SEC Observer Comment: Interpretation of Subtopic 845-10, for SEC Staff views on exchanges of nonfinancial assets for a noncontrolling ownership interest. See paragraph 845-10-S99-1, SAB Topic 5.G, for SEC Staff views on transfers of nonmonetary assets by promoters or shareholders before an initial public offering.