# ASC Topic 845: Nonmonetary Transactions Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/845/) 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): 2026-09-10T01:59:22.320Z to 2026-09-10T02:00:58.482Z Record version: sha256:cfe1294fd549874a370560255e6aa0b6a7c6661a6aa839ef70b48a555220c95f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## Machine-generated topic summary ASC 845 governs nonmonetary transactions — reciprocal exchanges of nonmonetary assets and nonreciprocal transfers to owners or others. The operative guidance is in ASC 845-10: the default is to measure the asset received at the fair value of the asset surrendered (or the asset received, if more clearly evident) and recognize gain or loss (845-10-30-1), unless one of three exceptions requires carryover of the recorded amount — fair value not determinable within reasonable limits, an exchange of product held for sale to facilitate sales to customers, or a transaction lacking commercial substance (845-10-30-3, 845-10-30-4). Special rules cover boot (25 percent threshold; pro rata gain to the boot receiver, full loss recognition), inventory purchases and sales with the same counterparty, spinoffs and other distributions to owners, and disclosure of the nature, basis of accounting, and gains or losses (845-10-50-1). The industry subtopics for airlines (845-908, slots recorded under Topic 845) remain, while the broadcaster (845-920), film (845-926), and software (845-985) barter subtopics were entirely superseded by ASU 2014-09, so those exchanges are now analyzed under ASC 606's noncash consideration guidance and ASC 845-10. Source downloaded (UTC): 2026-09-10T01:59:22.320Z to 2026-09-10T01:59:59.992Z Record version: sha256:4b026bf6b6cdba45d892af7296eeb7a8024eff471d934e1ebbaef5c2e2e656b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10: Nonmonetary Transactions — Overall ### Machine-generated study aids ```json { "summary": "ASC 845-10 governs nonmonetary transactions — reciprocal exchanges of nonmonetary assets and nonreciprocal transfers of nonmonetary assets to owners or others. The default rule is that such transactions are measured at the fair value of the asset surrendered (or received, if more clearly evident) with gain or loss recognized (845-10-30-1), subject to three exceptions requiring carryover (recorded amount) accounting: fair value not determinable within reasonable limits, an exchange of product held for sale to facilitate sales to customers, or a transaction lacking commercial substance (845-10-30-3). Special subsections address purchases and sales of inventory with the same counterparty, barter credits, and exchanges involving boot.", "key_points": [ "Default measurement: a nonmonetary asset acquired in exchange is recorded at the fair value of the asset surrendered (or the fair value of the asset received if more clearly evident), and gain or loss is recognized (845-10-30-1); nonreciprocal transfers to stockholders or others are also recorded at fair value with gain or loss (845-10-30-1).", "Carryover (recorded amount) measurement is required if fair value of neither asset is determinable within reasonable limits, the exchange is of product held for sale in the same line of business to facilitate sales to customers other than the parties, or the transaction lacks commercial substance (845-10-30-3).", "An exchange has commercial substance if the entity's future cash flows are expected to significantly change, tested by a significant difference in the configuration (risk, timing, amount) of cash flows or in entity-specific values relative to the fair values exchanged (845-10-30-4); tax cash flows arising solely from a financial-reporting-driven business purpose are ignored (845-10-30-5).", "Boot of at least 25 percent of the fair value of the exchange makes the transaction monetary in its entirety and outside the Subtopic, both parties recording at fair value; if boot is less than 25 percent, the receiver of boot recognizes a pro rata gain and the payer of boot recognizes none (845-10-25-6; 845-10-30-6; 845-10-30-21), but an entire indicated loss is always recognized (845-10-30-6).", "Inventory purchase and sales transactions with the same counterparty are combined as a single exchange if legally contingent or entered into in contemplation of one another, judged by indicators such as legal right of offset, simultaneity, off-market terms, and certainty of the reciprocal transaction (845-10-15-6; 845-10-25-4); combined exchanges of finished goods for raw materials or work-in-process may be at fair value if determinable and the transaction has commercial substance (845-10-30-15), while all other same-line-of-business inventory swaps are at carrying amount (845-10-30-16).", "Spinoffs and other distributions of nonmonetary assets to owners in reorganizations, liquidations, or rescissions of a prior business combination are recorded at the recorded amount with no gain or loss (845-10-30-10; 845-10-55-1); non-pro-rata split-offs of a segment in a plan of reorganization are recorded at fair value (845-10-30-12), and a distribution of a nonbusiness subsidiary is a dividend-in-kind measured at fair value (845-10-25-3; 845-10-30-14).", "Disclose the nature of nonmonetary transactions, the basis of accounting for assets transferred, and gains or losses recognized (845-10-50-1), plus revenue and costs (or gains and losses) from inventory exchanges recognized at fair value (845-10-50-3); scope excludes business combinations, common-control transfers, share-based payment, stock dividends/splits, financial asset transfers, involuntary conversions, and noncash consideration in Topic 606 or Subtopic 610-20 transactions (845-10-15-4)." ], "categories": [ "Initial measurement", "Recognition", "Fair value", "Inventory and PP&E" ], "audience_level": "intermediate", "student_note": "Exam questions almost always turn on two switches: does the exchange have commercial substance (fair value plus full gain/loss) or not (carryover basis), and how much boot is involved (25% or more makes it fully monetary; less than 25% gives the boot receiver only a pro rata gain). A common misunderstanding is thinking losses can also be deferred — an entire indicated loss is recognized immediately regardless of commercial substance or boot.", "related_topics": [ "606-10", "610-20", "505-60", "805-60", "820", "360-10" ], "key_concepts": [ "nonmonetary exchange", "nonreciprocal transfer", "commercial substance", "boot", "entity-specific value", "carryover basis", "inventory exchange with same counterparty", "spinoff" ] } ``` Source downloaded (UTC): 2026-09-10T01:59:22.320Z to 2026-09-10T01:59:22.320Z Record version: sha256:68ed5df8238af3428fed62cb0012b4512a60463883b84ca9f980bc4d9abb97e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/845/10/#00-status) SEC content: no ##### [845-10-00-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:22.320Z to 2026-09-10T01:59:22.320Z Record version: sha256:7395aa9003773ccf589da64ef6cd5aa35c4dd79dadd5c9f7244d7323e70eec2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BusinessAmendedAccounting Standards Update No. 2017-0101/05/2017
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Corporate Joint VentureAmendedAccounting Standards Update No. 2010-0802/02/2010
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Fair Value (2nd def.)AddedAccounting Standards Update No. 2025-1012/04/2025
Government GrantAddedAccounting Standards Update No. 2025-1012/04/2025
Monetary AssetsAddedAccounting Standards Update No. 2025-1012/04/2025
Noncontrolling InterestSupersededAccounting Standards Update No. 2017-0502/22/2017
Nonprofit ActivityAddedAccounting Standards Update No. 2010-0201/06/2010
Not-for-Profit EntityAddedAccounting Standards Update No. 2010-0701/28/2010
OwnersAmendedAccounting Standards Update No. 2010-0701/28/2010
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
845-10-05-1AmendedAccounting Standards Update No. 2017-0502/22/2017
845-10-05-11AmendedAccounting Standards Update No. 2017-0502/22/2017
845-10-05-11AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-05-12SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-15-4AmendedAccounting Standards Update No. 2025-1012/04/2025
845-10-15-4AmendedAccounting Standards Update No. 2023-0508/23/2023
845-10-15-4AmendedAccounting Standards Update No. 2019-0811/11/2019
845-10-15-4AmendedAccounting Standards Update No. 2018-0706/20/2018
845-10-15-4AmendedAccounting Standards Update No. 2017-0502/22/2017
845-10-15-4AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-15-4AmendedAccounting Standards Update No. 2012-0410/01/2012
845-10-15-4AmendedAccounting Standards Update No. 2010-0701/28/2010
845-10-15-8AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-15-14AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-15-15AmendedMaintenance Update 2016-05 (PDF)04/12/2016
845-10-15-15 through 15-17
SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-15-18 through 15-20
SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-15-20AmendedMaintenance Update 2016-05 (PDF)04/12/2016
845-10-15-20AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-15-20AmendedAccounting Standards Update No. 2010-0201/06/2010
845-10-15-20AmendedAccounting Standards Update No. 2010-0802/02/2010
845-10-25-7SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-25-8SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-25-9 through 25-12
SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-30-3AmendedMaintenance Update 2016-05 (PDF)04/12/2016
845-10-30-4AmendedAccounting Standards Update No. 2024-0203/29/2024
845-10-30-10AmendedMaintenance Update 2016-05 (PDF)04/12/2016
845-10-30-17SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-30-18SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-30-20SupersededAccounting Standards Update No. 2016-0202/25/2016
845-10-30-22SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-30-22AmendedAccounting Standards Update No. 2010-0201/06/2010
845-10-30-23SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-30-24SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-30-25SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-30-25AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-30-25AmendedAccounting Standards Update No. 2010-0201/06/2010
845-10-30-25ASupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-30-25AAmendedAccounting Standards Update No. 2012-0410/01/2012
845-10-30-25AAddedAccounting Standards Update No. 2010-0201/06/2010
845-10-30-25B through 30-27
SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-30-25BAddedAccounting Standards Update No. 2014-0905/28/2014
845-10-30-25CAddedAccounting Standards Update No. 2014-0905/28/2014
845-10-30-26AmendedAccounting Standards Update No. 2016-0101/05/2016
845-10-50-1AmendedAccounting Standards Update No. 2024-0311/04/2024
845-10-50-2SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-55-2AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-55-2AmendedAccounting Standards Update No. 2017-0502/22/2017
845-10-55-2AmendedAccounting Standards Update No. 2012-0410/01/2012
845-10-55-27SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-55-28SupersededAccounting Standards Update No. 2017-0502/22/2017
845-10-55-29 through 55-37
SupersededAccounting Standards Update No. 2014-0905/28/2014
845-10-60-2AmendedAccounting Standards Update No. 2014-0905/28/2014
845-10-60-3SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:5c8f74cf07227c99201aee1417fd2b6061b167e388ec0153750ddc7018f89765 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/845/10/#05-overview-and-background) SEC content: no ##### [845-10-05-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:f68e05e872355a73d8d5f367e156f9f60b219a0b6a644887ada16dc6e211f8ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Nonmonetary Transactions Topic contains only the Overall Subtopic. This Subtopic includes the following four Subsections: 1. a General 2. b Purchases and sales of inventory with the same counterparty 3. c Barter transactions 4. d Exchanges involving monetary considerations 5. e [Subparagraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/). ##### [845-10-05-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:db56784eecfaa25a2a2a9236abe9ed052da585b5c58f2b6980870892576b5851 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Most business transactions involve exchanges of cash or other [monetary assets or liabilities](https://asc.understandingaccounting.org/glossary/m/#monetary-assets-and-liabilities "Monetary assets and liabilities are assets and liabilities whose amounts are fixed in terms of units of currency by contract or otherwise. Examples are cash, short- or long-term accounts and notes receivable in cash, and short- or long-term accounts and notes payable in cash.") for goods or services. The amount of monetary assets or liabilities exchanged generally provides an objective basis for measuring the cost of nonmonetary assets or services received by an entity as well as for measuring gain or loss on nonmonetary assets transferred from an entity. Some transactions, however, involve either of the following: 1. a An [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.") with another entity (reciprocal transfer) that involves principally [nonmonetary assets or liabilities](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.") 2. b A transfer of nonmonetary assets for which no assets are received or relinquished in exchange ([nonreciprocal transfer](https://asc.understandingaccounting.org/glossary/n/#nonreciprocal-transfer "Nonreciprocal transfer is a transfer of assets or services in one direction, either from an entity to its owners (whether or not in exchange for their ownership interests) or to another entity, or from owners or another entity to the entity. An entity's reacquisition of its outstanding stock is an example of a nonreciprocal transfer.")). ##### [845-10-05-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:eb8f5fdfe377c97eb3284b22974eadee23dbb9b5a63594ca51065374bdab7034 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Both exchanges and nonreciprocal transfers that involve little or no monetary assets or liabilities are referred to as nonmonetary transactions and they are presented in the General Subsections as follows: 1. a Nonreciprocal transfers with [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.") 2. b Nonreciprocal transfers with other than owners 3. c Nonmonetary exchanges. #### Nonreciprocal Transfers with Owners ##### [845-10-05-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:233be4710f94ed453624edeb83cbde0f6d26c090c79e0bb5b383dd46bfc54315 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Some nonmonetary transactions are nonreciprocal transfers between an entity and its owners. Examples include the following types of stockholder distributions: 1. a Marketable equity securities as dividends 2. b Marketable equity securities, to redeem or acquire outstanding capital stock of the entity 3. c Capital stock of [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.)"), in corporate liquidations or plans of reorganization that involve disposing of all or a significant segment of the entity (the plans are variously referred to as spinoffs, split-ups, and split-offs) 4. d Nonmonetary assets pursuant to plans of rescission or other settlements relating to a prior business combination, to redeem or acquire shares of capital stock previously issued in a business combination. #### Nonreciprocal Transfers with Other than Owners ##### [845-10-05-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:c9e97c3cdd93911476e64739854dffb828fbd2d59ddd159407e2cbfbcdfe395a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Other nonmonetary transactions are nonreciprocal transfers between an entity and entities other than its owners. Examples are the contribution of nonmonetary assets by an entity to a charitable organization and the contribution of land by a governmental unit for construction of productive facilities by an entity. #### Nonmonetary Exchanges ##### [845-10-05-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:f4e7779890ce857b86b4354470ed206d9a423f0025d3c01f6af6b47867702050 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Many nonmonetary transactions are exchanges of nonmonetary assets or services with another entity. Examples include the following: 1. a Exchange of product held for sale in the ordinary course of business (inventory) for other property as a means of selling the product to a customer 2. b Exchange of product held for sale in the ordinary course of business (inventory) for similar product as an accommodation - that is, at least one party to the exchange reduces transportation costs, meets immediate inventory needs, or otherwise reduces costs or facilitates ultimate sale of the product—and not as a means of selling the product to a customer 3. c Exchange of [productive assets](https://asc.understandingaccounting.org/glossary/p/#productive-assets "Productive assets are assets held for or used in the production of goods or services by the entity. Productive assets include an investment in another entity if the investment is accounted for by the equity method but exclude an investment not accounted for by that method. Similar productive assets are productive assets that are of the same general type, that perform the same function, or that are employed in the same line of business.")—assets employed in production rather than held for sale in the ordinary course of business - for other productive assets or for an equivalent interest in other productive assets. For example: 1. 1 Trade of player contracts by professional sports organizations 2. 2 Exchange of leases on mineral properties 3. 3 Exchange of one form of interest in an oil-producing property for another form of interest 4. 4 Exchange of real estate for real estate. #### Other Considerations ##### [845-10-05-7](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:dc41cdc98719e66897c118bc7a91327de8bebee93f5c97ec40ef3314ca93e6ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the General Subsections often discusses nonmonetary transactions that are required to be measured at fair value. See Topic 820 for guidance on fair value measurement. ##### [845-10-05-7A](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-7A) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:0b0b1771a0112d2b53ca6f23f47ace448d0814ea75943af783f36799a45bb02a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Subtopic 505-60 provides guidance on the distribution of nonmonetary assets that constitute a business to owners of an entity in transactions commonly referred to as spinoffs. That Subtopic also addresses spinoff transactions in which the substance of the transaction may differ from the legal form and provides guidance on how to determine such situations and their required accounting and reporting. ### Purchases and Sales of Inventory with the Same Counterparty ##### [845-10-05-8](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:6a60c57b64ae56767e00b7dbae10f97e3c85b78682ec00aa10c9a8ec657b0a02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Purchases and Sales of Inventory with the Same Counterparty Subsections provide guidance for situations in which an entity sells inventory to another entity from which it also purchases inventory to be sold in the same line of business. The inventory purchase and sales transactions may be pursuant to a single arrangement or separate arrangements, and the inventory purchased or sold may be in the form of raw materials, work-in-process, or finished goods. ### Barter Transactions ##### [845-10-05-9](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:fca7e61cb57ac1c8d80f88f3535d572d04398cacf2d981b566584a63b1344cdc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Barter Transactions Subsections provide guidance on barter transactions and barter credits. ##### [845-10-05-10](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:69390dbbd5c76264c75494d19802cea8d5e6f3c16304a55e4260fbc8d355b27e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In a barter transaction involving barter credits, an entity enters into a transaction to [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.") a [nonmonetary asset](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.") (for example, inventory) for barter credits. Those transactions may occur directly between principals to the transaction or include a third party whose business is to facilitate those types of exchanges (for example, a barter entity). The barter credits can be used to purchase goods or services, such as advertising time, from either the barter entity or members of its barter exchange network. The goods and services to be purchased may be specified in a barter contract or limited to items made available by members of the exchange network. Some arrangements may require the payment of cash in addition to the barter credits to purchase goods or services. Barter credits also may have a contractual expiration date, at which time they become worthless. ### Exchanges Involving Monetary Consideration ##### [845-10-05-11](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-11) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:354a95b93c0399130938508adb6357fd59fc4d1f85b71d4c7f14cb5b661140a8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Exchanges Involving Monetary Consideration Subsections provide guidance on the 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.") that causes the transaction to be considered monetary in its entirety and, therefore, outside the scope of this Subtopic. 1. a [Subparagraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2017-05](https://asc.understandingaccounting.org/updates/asu-2017-05/). 3. c [Subparagraph 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 ##### [845-10-05-12](https://asc.understandingaccounting.org/asc/845/10/#845-10-05-12) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:24.263Z to 2026-09-10T01:59:24.263Z Record version: sha256:fcc3eeceebd70a73b32c13188ab9daf4f9ee9fe1d2a94044db3eb4e5a200e1c8 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/). 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/). Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:ee73bea317e651b547d0461747c407b99fada779aa035ad7c310b4aa0ea15a00 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/845/10/#25-recognition) SEC content: no #### Basic Principle ##### [845-10-25-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:0693d7fdbdec328f6bc6d6cd2a5fe646f2edac90c8fea92fc3bfa02d8a776c11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A reciprocal transfer of a [nonmonetary asset](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.") shall be deemed an [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.") only if the transferor has no substantial continuing involvement in the transferred asset such that the usual risks and rewards of ownership of the asset are transferred. ##### [845-10-25-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:0a4bbc797c60ae655f8911b6100985b5ef1cd9276a81b1b2ce26bb0bde06be16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Section 845-10-30 for general guidance on gain or loss recognition for nonmonetary transactions. #### Spinoffs or Other Distributions of Loans Receivable to Shareholders ##### [845-10-25-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:f1c9ab317ed81287c2aedb33322ee434356ed4e1bd3b357952e6ca1bc4c06880 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When an entity distributes loans receivable to 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.") by forming a [subsidiary](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.)"), transferring those loans receivable to the subsidiary, and then distributing the stock of that subsidiary to shareholders of the parent, the transaction is not a spinoff because the subsidiary does not constitute a business. Rather, the transaction shall be considered a dividend-in-kind. ### Purchases and Sales of Inventory with the Same Counterparty ##### [845-10-25-3A](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-3A) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:92af42bf50e8d8088392261017a21a44fe34178c6e6b888b36537de2cf6ccc9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraphs [845-10-15-6 through 15-7](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-6) for the requirements to combine inventory purchase and sales transactions with the same counterparty that are entered into in contemplation of one another, or that are legally contingent. ##### [845-10-25-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:5eee1c18555de590b67d627a93da9f30c46ec59ef1858151a63b629e7fe216f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In situations in which an inventory transaction is not legally contingent upon the performance of another inventory transaction with the same counterparty, the following factors (referred to as indicators) may indicate that a purchase transaction and a sales transaction were entered into in contemplation of one another: 1. a There is a specific legal right of offset of obligations between counterparties involved in inventory purchase and sales transactions. The ability to offset the payable(s) and receivable(s) related to the separately documented inventory purchase and sales transactions indicates that there is a link between them and, therefore, it is an indicator that the separately documented inventory transactions were entered into in contemplation of one another. This indicator is more relevant to settlement provisions relating to inventory purchase and sales transactions that are specifically identified (specified legal right of offset) by both counterparties than to inventory transactions that are netted as part of a master netting agreement that encompasses all transactions (inventory and noninventory) between the two counterparties. 2. b Inventory purchase and sales transactions with the same counterparty are entered into simultaneously. If an inventory purchase transaction is simultaneously entered into with an inventory sales transaction with the same counterparty that is an indication that the transactions were entered into in contemplation of one another. 3. c Inventory purchase and sales transactions were entered into at terms that were off-market when the arrangement was agreed to between counterparties. If an entity enters into an off-market inventory transaction with a counterparty, that is an indication that the transaction is linked to, and entered into, in contemplation of another inventory transaction with that same counterparty. This indicator may be more relevant for transactions with products that have readily determinable market prices, such as [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.")\-traded commodities, than for transactions with products that are subject to greater discretionary pricing. 4. d Relative certainty that reciprocal inventory transactions with the same counterparty will occur. An entity may sell inventory to a counterparty and enter into another arrangement with that same counterparty whereby that counterparty may, but is not contractually required to, deliver an agreed-upon inventory amount. If that counterparty chooses to deliver its product to the entity, the entity is obligated to purchase that product. The more certain it is that both inventory transactions will occur, the stronger the indication that the two inventory transactions were entered into in contemplation of one another. None of the above indicators taken individually is determinative nor is the list all-inclusive. ##### [845-10-25-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:2fe85a2daf8628e8ef4ddc445f9f23cd567024ec6d6992547143f38620531055 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If two or more inventory purchase and sales transactions are combined for the purposes of applying the guidance in this Subtopic, an entity shall apply the guidance in paragraphs [845-10-30-15 through 30-16](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-15) . ### Exchanges Involving Monetary Consideration ##### [845-10-25-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:eefb0348bdb2169c12a6f9580a792b1f09b4f744a5358fa333521bfab2738721 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An [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.") 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.") that would otherwise be based on recorded amounts but that also involves monetary consideration (boot) shall be considered monetary (rather than nonmonetary) if the boot is significant. Significant shall be defined as at least 25 percent of the fair value of the exchange. If the boot in a transaction is less than 25 percent, the pro rata gain recognition guidance in paragraph [845-10-30-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-6) shall be applied by the receiver of boot, and the payer of boot would not recognize a gain. ##### [845-10-25-7](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:ec884345ccbe9d6651ce8316174a233adeadec5ff8b28cb391eb190795ea32ad 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/). ##### [845-10-25-8](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:e9a51b86c906f85c56e6b7ea63bebf89da3f1af627ffd6c81a10df9e26827ff5 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/). ##### [845-10-25-9](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:43f57352941cb7d83b6b4c51590b5a305b75bdc50affc50008d338492a7c0f56 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/). ##### [845-10-25-10](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:e4e3254f64b358cdb06d558f71edd67549de1eea4e80b5e61869929a7c276815 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/). ##### [845-10-25-11](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:385aaa9924256c710d55675d0e0142d032aadc5f73424df334b5c04651818068 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/). ##### [845-10-25-12](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:34.071Z to 2026-09-10T01:59:34.071Z Record version: sha256:aab2e4e69e246a4105132780f73fa8885c1c3d1884c5441e6d8b53084bbd039f 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/). Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:e2d722105bc6c002752076441e7096cb69b993020cfe23bdca3dcefc50e812ca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/845/10/#30-initial-measurement) SEC content: no #### Basic Principle ##### [845-10-30-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:cc9baa3dc76b315888a293df1577a02f9ee35328b484ea53b60b174f25b1df58 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In general, the accounting for nonmonetary transactions should be based on the fair values of the assets (or services) involved, which is the same basis as that used in monetary transactions. Thus, the cost of a [nonmonetary asset](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.") acquired in [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.") for another nonmonetary asset is the fair value of the asset surrendered to obtain it, and a gain or loss shall be recognized on the exchange. The fair value of the asset received shall be used to measure the cost if it is more clearly evident than the fair value of the asset surrendered. Similarly, a nonmonetary asset received in a [nonreciprocal transfer](https://asc.understandingaccounting.org/glossary/n/#nonreciprocal-transfer "Nonreciprocal transfer is a transfer of assets or services in one direction, either from an entity to its owners (whether or not in exchange for their ownership interests) or to another entity, or from owners or another entity to the entity. An entity's reacquisition of its outstanding stock is an example of a nonreciprocal transfer.") shall be recorded at the fair value of the asset received. A transfer of a nonmonetary asset to a stockholder or to another entity in a nonreciprocal transfer shall be recorded at the fair value of the asset transferred and a gain or loss shall be recognized on the disposition of the asset. ##### [845-10-30-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:1e771e10430cd3a91428c6a0ff85ff24bfba48152aeb7bb5cd8707027040aac6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The fair value of an entity's own stock reacquired may be a more clearly evident measure of the fair value of the asset distributed in a nonreciprocal transfer if the transaction involves distribution of a nonmonetary asset to eliminate a disproportionate part of [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.") interests (that is, to acquire stock for the treasury or for retirement). If one of the parties in a nonmonetary transaction could have elected to receive cash instead of the nonmonetary asset, the amount of cash that could have been received may be evidence of the fair value of the nonmonetary assets exchanged. #### Modifications of the Basic Principle ##### [845-10-30-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:83f830b10332ae5139150a261a911351a26aaf35fa6df4f9b48198dd97aa0a86 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A nonmonetary exchange shall be measured based on the recorded amount (after reduction, if appropriate, for an indicated impairment of value as discussed in paragraph [360-10-40-4](https://asc.understandingaccounting.org/asc/360/10/#360-10-40-4)) of the nonmonetary asset(s) relinquished, and not on the fair values of the exchanged assets, if any of the following conditions apply: 1. a The fair value of neither the asset(s) received nor the asset(s) relinquished is determinable within reasonable limits. 2. b The transaction is an exchange of a product or property held for sale in the ordinary course of business for a product or property to be sold in the same line of business to facilitate sales to customers other than the parties to the exchange. 3. c The transaction lacks commercial substance (see the following paragraph). #### Commercial Substance ##### [845-10-30-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-4) Pending content: yes Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:3705ba78ca17a4e978d3d83036a869f3b03777f93334e0c29ad01298e5423ce2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A nonmonetary exchange has commercial substance if the entity's future cash flows are expected to significantly change as a result of the exchange. The entity's future cash flows are expected to significantly change if either of the following criteria is met: 1. a The configuration (risk, timing, and amount) of the future cash flows of the asset(s) received differs significantly from the configuration of the future cash flows of the asset(s) transferred. The configuration of future cash flows is composed of the risk, timing, and amount of the cash flows. A change in any one of those elements would be a change in configuration. 2. b The entity-specific value of the asset(s) received differs from the entity-specific value of the asset(s) transferred, and the difference is significant in relation to the fair values of the assets exchanged. An entity-specific value (referred to as an entity-specific measurement in FASB Concepts Statement No. 7, Using Cash Flow Information and Present Value in Accounting Measurements) is different from a fair value measurement. As described in paragraph 24(b) of Concepts Statement No. 7, an entity-specific value attempts to capture the value of an asset or liability in the context of a particular entity. For example, an entity computing an entity-specific value of an asset would use its expectations about its use of that asset rather than the use assumed by marketplace participants. If it is determined that the transaction has commercial substance, the exchange would be measured at fair value, rather than at the entity-specific value. A qualitative assessment will, in some cases, be conclusive in determining that the estimated cash flows of the entity are expected to significantly change as a result of the exchange. Transition date:(P) December 16, 2024; (N) December 16, 2025Transition guidance: [105-10-65-9](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-9) A nonmonetary exchange has commercial substance if the entity's future cash flows are expected to significantly change as a result of the exchange. The entity's future cash flows are expected to significantly change if either of the following criteria is met: 1. a The configuration (risk, timing, and amount) of the future cash flows of the asset(s) received differs significantly from the configuration of the future cash flows of the asset(s) transferred. The configuration of future cash flows is composed of the risk, timing, and amount of the cash flows. A change in any one of those elements would be a change in configuration. 2. b The entity-specific value of the asset(s) received differs from the entity-specific value of the asset(s) transferred, and the difference is significant in relation to the fair values of the assets exchanged. An entity-specific value is different from a fair value measurement. An entity-specific value attempts to capture the value of an asset or liability in the context of a particular entity. For example, an entity computing an entity-specific value of an asset would use its expectations about its use of that asset rather than the use assumed by marketplace participants. If it is determined that the transaction has commercial substance, the exchange would be measured at fair value, rather than at the entity-specific value. A qualitative assessment will, in some cases, be conclusive in determining that the estimated cash flows of the entity are expected to significantly change as a result of the exchange. ##### [845-10-30-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:1bd3834206978021bc1e851a3a06a89fc29a162b0b132c40a1ddcd380569f580 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In the United States and some other tax jurisdictions, a transaction is not given effect for tax purposes unless it serves a legitimate business purpose other than tax avoidance. In assessing the commercial substance of an exchange, tax cash flows that arise solely because the tax business purpose is based on achieving a specified financial reporting result shall not be considered. ##### [845-10-30-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:6dca41cdbc05ce1938e5d2dbdee0ced79a1b3afdb6503d6c4ab6e965915d19f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The exchanges of nonmonetary assets that would otherwise be based on recorded amounts (see paragraph [845-10-30-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-3)) may include an amount of monetary consideration. The recipient of the monetary consideration has realized gain on the exchange to the extent that the amount of the monetary receipt exceeds a proportionate share of the recorded amount of the asset surrendered. The portion of the cost applicable to the realized amount shall be based on the ratio of the monetary consideration to the total consideration received (monetary consideration plus the estimated fair value of the nonmonetary asset received) or, if more clearly evident, the fair value of the nonmonetary asset transferred. The entity paying the monetary consideration shall not recognize any gain on a transaction covered in paragraph [845-10-30-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-3) but shall record the asset received at the amount of the monetary consideration paid plus the recorded amount of the nonmonetary asset surrendered. If a loss is indicated by the terms of a transaction described in this paragraph or in that paragraph, the entire indicated loss on the exchange shall be recognized. ##### [845-10-30-7](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:79c5fbabecb3ad8747e1cd5f39250d104e9014bc9cacad3dc5404d4e10939a07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [845-10-25-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-6) for guidance on what level of monetary consideration is deemed significant and results in the exchange to be considered monetary (rather than nonmonetary). #### Applying the Basic Principle ##### [845-10-30-8](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:f3572bc74f4f0383a89244ffc1d4d1f120a1a3474cddffa67d06cc5ec4c4aa40 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Fair value should be regarded as not determinable within reasonable limits if major uncertainties exist about the realizability of the value that would be assigned to an asset received in a nonmonetary transaction accounted for at fair value. An exchange involving parties with essentially opposing interests is not considered a prerequisite to determining a fair value of a nonmonetary asset transferred; nor does an exchange ensure that a fair value for accounting purposes can be ascertained within reasonable limits. If neither the fair value of a nonmonetary asset transferred nor the fair value of a nonmonetary asset received in exchange is determinable within reasonable limits, the recorded amount of the nonmonetary asset transferred from the entity may be the only available measure of the transaction. ##### [845-10-30-9](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:93f3ebcec8a3f12db00e6be0e3cd915fe72dd21daa7f83880447c4c800e03725 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A difference between the amount of gain or loss recognized for tax purposes and that recognized for accounting purposes may constitute a temporary difference to be accounted for according to Subtopic 740-10. #### Nonreciprocal Transfers with Owners ##### [845-10-30-10](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:6189e97972a28b346c7d1343f68aae47e166e90c798df1a9f3be15eeabb985db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Accounting for the distribution of nonmonetary assets to owners of an entity in a spinoff or other form of reorganization or liquidation or in a plan that is in substance the rescission of a prior business combination shall be based on the recorded amount (after reduction, if appropriate, for an indicated impairment of value) (see paragraph [360-10-40-4](https://asc.understandingaccounting.org/asc/360/10/#360-10-40-4)) of the nonmonetary assets distributed. Subtopic 505-60 provides additional guidance on the distribution of nonmonetary assets that constitute a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") to owners of an entity in transactions commonly referred to as spinoffs. A pro rata distribution to owners of an entity of shares of a [subsidiary](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 other investee entity that has been or is being consolidated or that has been or is being accounted for under the equity method is to be considered to be equivalent to a spinoff. Other nonreciprocal transfers of nonmonetary assets to owners shall be accounted for at fair value if the fair value of the nonmonetary asset distributed is objectively measurable and would be clearly realizable to the distributing entity in an outright sale at or near the time of the distribution. ##### [845-10-30-11](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-11) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:941fee1925794565602578f3e5ec00f64fe77f3e5d7b4b8682e9c962b2f75905 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Section 845-10-55 for implementation guidance and illustrations of when an entity transfers pension assets or obligations in a spinoff. ##### [845-10-30-12](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-12) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:11091399cf76a9a709c5167cac74ac64b4a80df34f051cd244ee0f487d9bfc5d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A non-pro-rata [split-off](https://asc.understandingaccounting.org/glossary/s/#split-off "A transaction in which a parent entity exchanges its stock in a subsidiary for parent entity stock held by its shareholders.") of a segment of a business in a corporate plan of reorganization shall be accounted for at fair value. ##### [845-10-30-13](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-13) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:c295cb583570b7e260ed8b3f3b4dd835a63791170ef3d3d89332a469712a6653 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A split-off of a targeted business, distributed on a pro rata basis to the holders of the related targeted stock, shall be accounted for at historical cost. If the targeted stock was created in contemplation of the subsequent split-off, the two steps (creation of the targeted stock and the split-off) cannot be separated and shall be viewed as one transaction with the split-off being accounted for at fair value. ##### [845-10-30-14](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-14) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:462ecced1eaa26928305a4512b1329e2f0cd57380af1bcfc775945c69d0c8fd8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A dividend-in-kind recognized under paragraph [845-10-25-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-3) shall be measured initially at fair value by the entity and the recipient. ### Purchases and Sales of Inventory with the Same Counterparty ##### [845-10-30-15](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-15) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:e7df9cf838148d21b8accfeb8fc3d74b69917242d28056c10ed3a8df688fa387 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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.") whereby an entity transfers finished goods inventory in exchange for the receipt of raw materials or work-in-process inventory within the same line of business is not an exchange transaction to facilitate sales to customers for the entity transferring the finished goods, as described in paragraph [845-10-30-3(b)](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-3), and, therefore, shall be recognized by that entity at fair value if both of the following conditions are met: 1. a Fair value is determinable within reasonable limits. 2. b The transaction has commercial substance (see paragraph [845-10-30-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-4)). ##### [845-10-30-16](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-16) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:61ae205c255dbb46bb91eec782bc8be689f2d3999420cdedc3ff26e25beae474 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. All other nonmonetary exchanges of inventory within the same line of business shall be recognized at the carrying amount of the inventory transferred. That is, a nonmonetary exchange within the same line of business involving either of the following shall not be recognized at fair value: 1. a The transfer of raw materials or work-in-process inventory in exchange for the receipt of raw materials, work-in-process, or finished goods inventory 2. b The transfer of finished goods inventory for the receipt of finished goods inventory. ### Barter Credit Transactions ##### [845-10-30-17](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-17) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:5f828fb0a9495e0e217cd086fc545ee3e4ff95d4aae6b10143dd22b31e0709eb 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/). ##### [845-10-30-18](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-18) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:553da41e2f5222bb69a554d0c089bdfecad619f6ff9b02a3a516071920672db8 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/). ##### [845-10-30-19](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-19) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:2468dfc352f2fa78f7d99a10c7cdd7c5a945ec3e605d50fa24683d84ba846ef6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An impairment loss on the barter credits shall be recognized if it subsequently becomes apparent that either of the following conditions exists: 1. a The fair value of any remaining barter credits is less than the carrying amount. 2. b It is probable that the entity will not use all of the remaining barter credits. ##### [845-10-30-20](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-20) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:8d7595531131149b4056cd7e5544e5f0433ad598134fec924b05af4c07f786f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ### Exchanges Involving Monetary Consideration #### Overall Guidance ##### [845-10-30-21](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-21) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:0b2c53793b96e25869994af884cb9c429001dbac9b591541c29dab3884e60b43 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As a monetary transaction, both parties would record 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.") at fair value (as discussed in paragraph [845-10-25-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-6)). The ability to satisfactorily measure fair value is a prerequisite to the use of fair value. ##### [845-10-30-22](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-22) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:e9a1c7e2659813004a7e7e58595b3657d332ab71449f701df2fc76d08a3858f3 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/). ##### [845-10-30-23](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-23) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:ac599a56928ee15ab7ea28848f2bb91e05676cbe6013cd918d16295a636f0303 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 ##### [845-10-30-24](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-24) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:ae959015bbcadd906e8458b5865c9a63f8032366b804ff727e63cb4f4726e706 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/). ##### [845-10-30-25](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-25) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:af33c02efd12c27d6c0f691093e61e0c8fe268dadb64ccc1c2ff6529bfdb80b4 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/). ##### [845-10-30-25A](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-25A) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:7862ebd6616fe941d03b5ac422884496a65066b5a73526f93810985431ede8bc 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/). ##### [845-10-30-25B](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-25B) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:7ad3b94678ae4a0dee04748c64898aec5b711df8235bd607edb8b3138aba00a2 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/). ##### [845-10-30-25C](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-25C) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:ec19e239e01aa7903ccc0dc3a2c646f03e21297e09e550a1de7058aee3794eb2 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/). ##### [845-10-30-26](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-26) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:d5fb9f14474de87cc0120eff13d3a1473976348c3134409599383433bb2d75d7 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/). ##### [845-10-30-27](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-27) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:38.038Z to 2026-09-10T01:59:38.038Z Record version: sha256:84601729f90b94dbea5ba02afcba0ff64d1079e8fdb4079d8d21ce87b9eff89d 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/). Source downloaded (UTC): 2026-09-10T01:59:42.031Z to 2026-09-10T01:59:42.031Z Record version: sha256:2cfb38cd67261cc3c806b31ea7e373b7f84e3b65de2e5a7b4dd3471f3de80436 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/845/10/#45-other-presentation-matters) SEC content: no ### Purchases and Sales of Inventory with the Same Counterparty ##### [845-10-45-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:42.031Z to 2026-09-10T01:59:42.031Z Record version: sha256:89e33de1133e00430d713a6136b52a0df46ea6fd74f958f243a928788aafe118 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. Source downloaded (UTC): 2026-09-10T01:59:45.636Z to 2026-09-10T01:59:45.636Z Record version: sha256:1626358220e914c2b71fe973c175e628c2a82fedd2014092c3f389a08287f998 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/845/10/#50-disclosure) SEC content: no ##### [845-10-50-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-50-1) Pending content: yes Source downloaded (UTC): 2026-09-10T01:59:45.636Z to 2026-09-10T01:59:45.636Z Record version: sha256:15a0991b081d36bad20205d06bcae759709d09b5f78640a61f8ed9961babceb4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that engages in one or more nonmonetary transactions during a period shall disclose in financial statements for the period all of the following: 1. a The nature of the transactions 2. b The basis of accounting for the assets transferred 3. c Gains or losses recognized on transfers. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)An entity that engages in one or more nonmonetary transactions during a period shall disclose in financial statements for the period all of the following: 1. a The nature of the transactions 2. b The basis of accounting for the assets transferred 3. c Gains or losses recognized on transfers. See paragraphs [220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21) for additional disclosure requirements. ##### [845-10-50-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:45.636Z to 2026-09-10T01:59:45.636Z Record version: sha256:c59b33829602a72c14bd4bc85fd56d7586b7752c6b66ff51991b2d8b3e785517 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/). ### Purchase and Sales of Inventory ##### [845-10-50-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:45.636Z to 2026-09-10T01:59:45.636Z Record version: sha256:0aeca0b781db74387f0a80bfb984b28d93d9b19cd27f561401d4ddf84979daa5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose the amount of revenue and costs (or gains and losses) associated with inventory exchanges recognized at fair value. Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:3a4d4944867595c19010307425be36fc6fda39fd6c914630b6ad41226ed25926 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/845/10/#55-implementation-guidance-and-illustrations) SEC content: no #### Implementation Guidance ##### [845-10-55-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:046735c0136a466663f92692cc5c129bf97e81813f5df99a6d0281cf3cbdd872 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [845-10-30-10](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-10) does not permit gain or loss recognition for the spinoff 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.") to [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.") of an entity. That prohibition also shall apply to pension-related assets or obligations transferred in a spinoff. The transition asset or obligation remaining in accumulated other comprehensive income and net gain or loss included in accumulated other comprehensive income shall be allocated to each pension plan in proportion to the projected benefit obligations of the two pension plans. Prior service cost included in accumulated other comprehensive income shall be allocated to the pension plans based on the applicable individuals included in the employee groups covered. See paragraphs [715-30-55-124 through 55-127](https://asc.understandingaccounting.org/asc/715/30/#715-30-55-124) , which addresses the division of a pension plan. (The accounting treatment for a spinoff that involves a division of a pension plan should be similar to that for a spinoff involving a pension plan that was previously part of a larger pension plan.) ##### [845-10-55-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:8b235c697571746f6001636e1ee62d64c1e9a33eb49bc3d4602c7ffae3163459 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table summarizes the guidance contained in this Subtopic. - ![](https://asc.understandingaccounting.org/asc-img/GUID-8B2B75C9-5419-4B1F-B4B4-427F0C4B6AAB-low.gif) ASSET RECEIVED Investment accounted for by the equity method Controlled asset or group of assets that does not meet the definition of a business Controlled group of assets that meets the definition of a business ASSET GIVEN UP Investment accounted for by the equity method A transfer of an equity method investment should be accounted for under the provisions of Topic 860. Fair value (Topic 805) Controlled asset or group of assets that does not meet the definition of a business "If the contract is with a customer and within the scope of Topic 606, apply Topic 606. If the contract is not within the scope of Topic 606, evaluate if the transaction is within the scope of Subtopic 610-20. If so, apply Subtopic 610-20. If the contract is not within the scope of Subtopic 610-20 and is within the scope of Topic 845, apply Topic 845. Otherwise, apply other GAAP. " Fair value (Topic 805) Controlled group of assets that meets the definition of a business "If the controlled group of assets that meets the definition of a business is a conveyance of oil and gas mineral rights, apply Subtopic 932-360. Otherwise, apply Subtopic 810-10." Fair value (Topic 805) #### Illustrations ##### [845-10-55-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:3b836ce5cad3d4b32bc2d97aac2e3ae7f993a0f82c5bf8af2e84a8c7c597ecb3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates how an employer shall account for the transfer of a pension benefit obligation or plan assets to a spun-off entity's new pension plan. ##### [845-10-55-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:6fe7961206bbcfac2974a93e4851102e30ee6243a5fc71db5b1d76883b6b3076 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer (Entity A) incorporates a division (Entity B) and subsequently spins it off to the owners of the entity. The new entity assumes Entity A's projected benefit obligation under its pension plan (Old Plan) for the employees that are transferred as part of the spinoff. The accumulated benefit obligation for those employees ($30,000) is fully vested at the date of the spinoff. The portion of the projected benefit obligation attributable to the future compensation levels for those employees is $6,000. No plan assets are transferred to the new entity's pension plan (New Plan). ##### [845-10-55-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:4fdc65ce84f01cccf67ecbd7dcf080026f4751db5eeb0df917badc7cd4c2d547 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following Cases illustrate two scenarios: 1. a Accounting for a transfer of a pension benefit obligation only (Case A) 2. b Accounting for a transfer of a plan assets and a pension benefit obligation (Case B). ##### [845-10-55-6](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:e8dfd6ec465e860ba8b1f6846ae3d618267d8adba952ef72834bd69998327421 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the funded status of the pension plans immediately before and after the spinoff. - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-89EEAA80-375B-4AD4-82D8-5140666A0C0B-low.gif) Before Spinoff After Spinoff Old Plan Old Plan New Plan Assets and obligations: Accumulated benefit obligation " $(72,000)" " $(42,000)" " $(30,000)" Effect of future compensation levels " (18,000)" " (12,000)" " (6,000)" Projected benefit obligation " (90,000)" " (54,000)" (a) " (36,000)" (a) Plan assets at fair value " 160,000 " " 160,000 " (b) - (b) Funded status and recognized asset (liability) " $70,000 " " $106,000 " " $(36,000)" Amounts recognized in accumulated other comprehensive income: Transition asset " $(40,000)" " $(24,000)" (c) " $(16,000)" (c) Prior service cost " 25,000 " " 17,500 " (d) " 7,500 " (d) Net gain " (55,000)" " (33,000)" (c) " (22,000)" (c) " $(70,000)" " $(39,500)" " $(30,500)" (a) Allocation based on individual employees covered by each pension plan. (b) Allocation determined by Entity A. (Case assumes that no regulatory requirements apply.) (c) "Allocation based on percentage of total projected benefit obligation ($90,000) assumed by each pension plan, which is 60 percent and 40 percent for the Old Plan and New Plan, respectively." (d) "Allocation based on prior service associated with the future years of service of the individual employees covered by each pension plan. " ##### [845-10-55-7](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:3b686b63e35265fa2a8a05e7f907136209f601a15c57ad954e9b508ed451c151 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The journal entries to account for the spinoff are as follows. - Entity A - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-EF06D648-1DA7-41D6-89FB-138E9DFAA6A9-low.gif) Pension asset " $36,000 " Accumulated other comprehensive income—transition asset " 16,000 " Accumulated other comprehensive income—net gain " 22,000 " Stockholders' equity (a) " $66,500 " Accumulated other comprehensive income—prior service cost " 7,500 " (a) The accounting within stockholders' equity is not addressed (other than for components of accumulated other comprehensive income). The equity accounts are those used to account for all assets and liabilities transferred or received as part of the spinoff. No gain or loss results from the spinoff. - To record the transfer of a pension benefit obligation and net deferred amounts from Entity A to Entity B - Entity B - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-AC958CEA-2749-4E6D-BB25-B452DF9A4268-low.gif) Stockholders' equity (a) " $66,500 " Accumulated other comprehensive income—prior service cost " 7,500 " Pension liability " $36,000 " Accumulated other comprehensive income—transition asset " 16,000 " Accumulated other comprehensive income—net gain " 22,000 " (a) The accounting within stockholders' equity is not addressed (other than for components of accumulated other comprehensive income). The equity accounts are those used to account for all assets and liabilities transferred or received as part of the spinoff. No gain or loss results from the spinoff. - To record the receipt of a pension benefit obligation and net deferred amounts from Entity A (Entity B should not recognize the effects of assuming the pension benefit obligation as the cost of either a pension plan amendment or an initiation of a pension plan that is subject to amortization.) ##### [845-10-55-8](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:89a080d38b211f3000b6c31c004d979632c7dde4e77a889c5aba7132775df533 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In this Case, the plan assets ($28,000) are also transferred to the New Plan. The following is the funded status of the pension plans immediately before and after the spinoff. - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-CE8E3274-4F66-4A97-9022-4A004C126CBA-low.gif) Before Spinoff After Spinoff Old Plan Old Plan New Plan Assets and obligations: Accumulated benefit obligation " $(72,000)" " $(42,000)" " $(30,000)" Effect of future compensation levels " (18,000)" " (12,000)" " (6,000)" Projected benefit obligation " (90,000)" " (54,000)" (a) " (36,000)" (a) Plan assets at fair value " 160,000 " " 132,000 " (b) " 28,000 " (b) Funded status and recognized asset (liability) " $70,000 " " $78,000 " " $(8,000)" Amounts recognized in accumulated other comprehensive income: Transition asset " $(40,000)" " $(24,000)" (c) " $(16,000)" (c) Prior service cost " 25,000 " " 17,500 " (d) " 7,500 " (d) Net gain " (55,000)" " (33,000)" (c) " (22,000)" (c) " $(70,000)" " $(39,500)" " $(30,500)" (a) Allocation based on individual employees covered by each pension plan. (b) Allocation determined by Entity A. (Illustration assumes that no regulatory requirements apply.) (c) "Allocation based on percentage of total projected benefit obligation ($90,000) assumed by each pension plan, which is 60 percent and 40 percent for the Old Plan and New Plan, respectively." (d) Allocation based on prior service cost associated with the future years of service of the individual employees covered by each pension plan. ##### [845-10-55-9](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:b3731da433634692d5e4b7d2042d5295b78634bad7d3de991772a628192de007 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The journal entries to account for the spinoff are as follows. - Entity A - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-14923783-E718-4A47-AA76-0A04E652722E-low.gif) Pension asset " $8,000 " Accumulated other comprehensive income—transition asset " 16,000 " Accumulated other comprehensive income—net gain " 22,000 " Stockholders' equity(a) " $38,500 " Accumulated other comprehensive income—prior service cost " 7,500 " (a) The accounting within stockholders' equity is not addressed (other than for components of accumulated other comprehensive income). The equity accounts are those used to account for all assets and liabilities transferred or received as part of the spinoff. No gain or loss results from the spinoff. - To record the transfer of plan assets, a pension benefit obligation, and net deferred amounts from Entity A to Entity B - Entity B - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-F5D4C819-D0BD-47E6-A7D9-812BED759C3D-low.gif) Stockholders' equity (a) " $38,500 " Accumulated other comprehensive income—prior service cost " 7,500 " Pension liability " $8,000 " Accumulated other comprehensive income—transition asset " 16,000 " Accumulated other comprehensive income—net gain " 22,000 " (a) The accounting within stockholders' equity is not addressed (other than for components of accumulated other comprehensive income). The equity accounts are those used to account for all assets and liabilities transferred or received as part of the spinoff. No gain or loss results from the spinoff. - To record the receipt of plan assets, a pension benefit obligation, and net deferred amounts from Entity A (Entity B should not recognize the effects of assuming the pension benefit obligation as the cost of either a pension plan amendment or an initiation of a pension plan that is subject to amortization or the receipt of cash as a gain subject to amortization.) ### Purchases and Sales of Inventory with the Same Counterparty ##### [845-10-55-10](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:da26913e1d4fcd50e233bb8200ba4bf91026d0bc523057538c5de4d9b21e7f33 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The application of the indicators (see paragraph [845-10-25-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-4)) depends on the relative facts and circumstances and requires significant judgment. The assessment of that judgment in a given fact pattern is based on the assumed facts; accordingly, judgment will vary in differing fact patterns. ##### [845-10-55-11](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-11) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:0413cffcfd30873be408bd3c6bd74b1bc6c08e67192889c0ff2d0e76c02ed28b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the following: 1. a Whether the described transaction shall be viewed as 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 as discussed in paragraphs [845-10-25-4 through 25-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-4) 2. b Whether the nonmonetary exchange of inventory within the same line of business shall be recognized at fair value as discussed in paragraphs [845-10-30-15 through 30-16](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-15) . ##### [845-10-55-12](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-12) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:11d9334a6bfc7d2feb0bc22788f368c618e55e5e27432c70f6f6c15f82251b6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Oil Entity A produces heavy crude oil (dense, viscous crude oil) in California and has refining operations in other parts of the United States including West Texas. Given its supply-chain management needs, Entity A would like to acquire West Texas intermediate crude oil in the most cost-efficient manner. ##### [845-10-55-13](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-13) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:7e96b8fe088eecc295e173dd15f3404dda9eb5c25467b28cbf53e2acde41ba50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As part of its analysis in determining the most cost-efficient approach to acquiring West Texas intermediate crude oil, Entity A uses the following available information regarding the current oil needs (demand) and excess oil capacity (supply) of the various oil entities. - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-612B39A6-F6BF-4A95-B58C-CF3E16CCAF24-low.gif) Entity Demand/Location Supply/Location Entity A West Texas intermediate crude oil/Texas Heavy crude oil/California Entity B Heavy crude oil/California Sweet crude oil/Oklahoma Entity C Sweet crude oil/Oklahoma West Texas intermediate crude oil/Texas ##### [845-10-55-14](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-14) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:1fbcf7d6b46a68561e2f0778bbd54265d2b4e46f8a803e43e81f0446923bb8da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Entity A enters into an arrangement to sell Entity B a specified quantity of its California production and enters into a separate arrangement at the same time to purchase a specified quantity of Entity B's sweet crude oil production in Oklahoma. Also at the same time, Entity A enters into an arrangement to sell Entity C the sweet crude oil in Oklahoma purchased from Entity B, and enters into a separate arrangement at the same time to acquire a specified quantity and quality of West Texas intermediate crude oil from Entity C for its West Texas refining operations. ##### [845-10-55-15](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-15) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:0ba97ce524569ae5439981b8a453dcce50c4248ec7671f5e67199d04e7111375 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Entity A issues invoices and purchase orders for each transaction and each is gross-cash settled at market prices. Although the quantities differ, there is an insignificant difference in total value of oil being exchanged in each transaction. Entity A would not sell its inventory to Entity B or Entity C without an understanding that the counterparty will perform. Entity A considers all crude oil to be the same class of inventory (that is, raw materials) for purposes of financial reporting. Entity A does not account for these arrangements as derivatives; therefore, the guidance in Subtopic 815-10 is not applicable. ##### [845-10-55-16](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-16) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:c6dbce9f7322f8398d59f705a830234471f240230f95401a800bf60cc1b36a33 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Based on an evaluation of the circumstances, Entity A's inventory purchase and sales transactions with Entity B were entered into in contemplation of one another because the sole purpose of selling inventory was to procure inventory from the same counterparty in the most cost-efficient manner. While it is a matter of judgment as to whether Entity A entered into its inventory purchase and sales transactions with Entity B in contemplation of one another, certain factors support this assessment. For instance, the transaction to sell inventory was entered into simultaneously with the transaction to purchase inventory. In addition, the sole purpose of selling heavy crude oil inventory is to facilitate the purchase of sweet crude oil inventory. Although the purpose of a transaction is not explicitly identified as an indicator in the consensus guidance, it is nevertheless relevant to the assessment of whether the inventory transactions were entered into in contemplation of one another. While the inventory transactions were not settled on a net basis nor were they entered into at off-market prices, the other indicators, together with the specific facts and circumstances described above, provide persuasive evidence that the transactions were entered into in contemplation of one another. Therefore, although each transaction was separately documented and gross-cash settled at market prices, the inventory transactions should be deemed a single exchange between Entity A and Entity B for purposes of applying the guidance in the Purchases and Sales of Inventory with the Same Counterparty Subsections. From the perspective of Entity A, an analysis of the inventory purchase and sales transactions between Entity A and Entity C would result in the same conclusion as the analysis of the transactions between Entity A and Entity B. ##### [845-10-55-17](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-17) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:f43758217ce3fc94e48be27568cf6a526b1341b8dc9038dd7e9c34a22d8f79b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Entity A would recognize the single exchange transactions with both Entity B and Entity C at carryover basis because, from Entity A's perspective, the same class of inventory (raw materials for raw materials) was surrendered and received. ##### [845-10-55-18](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-18) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:aeb1ef84ce19c3d5d6f8d84e7eb24894b9d94045d0b6806ed80b64e7045c16a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the following: 1. a Whether the described transaction shall be viewed as a single exchange transaction as discussed in paragraphs [845-10-25-4 through 25-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-4) 2. b Whether the nonmonetary exchange of inventory within the same line of business shall be recognized at fair value as discussed in paragraphs [845-10-30-15 through 30-16](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-15) . ##### [845-10-55-19](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-19) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:f7b965a6b45bbac2f06a79f3f7b6ab8e95f4087a7ce3e52207e36a41de58c523 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Dealer A in Suburb X has an excess inventory of cars relative to near-term expected demand and does not have enough pickup trucks to meet near-term expected demand. Dealer B in Suburb Y has an excess inventory of pickup trucks and not enough cars to meet near-term expected demand. Dealer A negotiates an arrangement to sell a specified number of cars to Dealer B and, although not committed to do so, Dealer B may deliver pickup trucks of equivalent value at wholesale prices to Dealer A. Dealer A must purchase pickup trucks from Dealer B if Dealer B chooses to deliver the trucks the following week. Historically, Dealer B has always delivered the trucks to Dealer A under these types of arrangements. At the time Dealer A delivers its cars to Dealer B, Dealer A believes Dealer B will ship the trucks the following week. Each transaction is separately documented and gross-cash settled at wholesale prices on the date of delivery. ##### [845-10-55-20](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-20) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:39e74851618bb090706e8bdc580371ac62ed4e8008548de806109068fdab912c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Based on an evaluation of the circumstances, Dealer A's inventory sales transaction was entered into in contemplation of a reciprocal inventory purchase transaction from Dealer B because, as a condition of selling inventory to Dealer B, Dealer A must accept delivery of trucks from Dealer B at a later date, if Dealer B chooses to make such a delivery. Consistent with past history, when Dealer A enters into this kind of arrangement with Dealer B, Dealer A fully expects to purchase the trucks. Therefore, the sale of the cars should be considered combined with the purchase of the trucks. ##### [845-10-55-21](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-21) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:cc98a5ec6f6eff624eb30462ec592313363985ad4e669c3f2b5a1cd685708623 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. While it is a matter of judgment as to whether Dealer A entered into its inventory sales transaction in contemplation of the inventory purchase transaction, certain factors support this assessment. For instance, a transaction to sell cars to Dealer B was entered into with an anticipated transaction to purchase trucks from Dealer B (if Dealer B chooses to deliver the trucks) simultaneously. Even though the transaction to purchase trucks depended on whether Dealer B chose to deliver, Dealer A believed that there was a high degree of certainty that Dealer B would deliver. In addition, because the inventory pricing is at wholesale, it indicates that these transactions were not on the same terms as transactions with their typical retail customers. While this last factor is not related to a specific indicator (see guidance in paragraph [845-10-25-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-4)), it is relevant in assessing the nature of the relationship between Dealer A and Dealer B in the context of the purchase and sales transactions. While Dealer A and Dealer B did not agree to net-settle the inventory transactions, the expectation of a reciprocal purchase transaction from Dealer B in the context of the relationship between Dealer A and Dealer B indicates that the sale transaction by Dealer A to Dealer B was entered into in contemplation of the purchase transaction from Dealer B. Therefore, although each transaction was separately documented and gross-cash settled, these inventory transactions should be deemed a single exchange for purposes of applying the [Purchases and Sales of Inventory with the Same Counterparty Subsection](https://asc.understandingaccounting.org/asc/845/10/#30-initial-measurement) of Section 845-10-30. ##### [845-10-55-22](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-22) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:78183cf5627f888fb7d06deddf2ee1199d765be747699d1f5cc9852295b0549e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When evaluating the inventory transactions as a single nonmonetary exchange, Dealer A would recognize the transactions at carryover basis because the same class of inventory is being exchanged (finished goods exchanged for finished goods). ##### [845-10-55-23](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-23) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:e35fbed2ad8c08b2635c06a3fe41564fc3d823c3e11ea7b1345753a1f8a2fe8b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the following: 1. a Whether the described transaction shall be viewed as a single exchange transaction as discussed in paragraphs [845-10-25-4 through 25-5](https://asc.understandingaccounting.org/asc/845/10/#845-10-25-4) 2. b Whether the nonmonetary exchange of inventory within the same line of business shall be recognized at fair value as discussed in paragraphs [845-10-30-15 through 30-16](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-15) . ##### [845-10-55-24](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-24) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:28106beee87e61fdbcb53b5cd98bb46337f5b54ec272a2ddf5db9f8ce2e6de07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Multinational Manufacturer A has a longstanding business relationship with multinational Manufacturer B, whereby each manufacturer will buy and sell inventory from the other on an as-needed basis at market prices. Manufacturer A sells materials to Manufacturer B based on a purchase order from Manufacturer B. Two days later, Manufacturer B sells materials to Manufacturer A based on a separate purchase order from Manufacturer A. Neither transaction was predicated on the occurrence of the other transaction occurring through either an implied arrangement or a contractual arrangement, and, historically, Manufacturer A has sold twice as much in value to Manufacturer B as Manufacturer B has sold to Manufacturer A. Both of these inventory transactions are gross-cash settled at market prices. ##### [845-10-55-25](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-25) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:8eb1822e9f8dd1caebb8923981bad2c39cf8aa72f6e878c059305e7eabf5d523 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Based on an evaluation of the circumstances, Manufacturer A's inventory purchase and sales transactions were not entered into in contemplation of one another. ##### [845-10-55-26](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-26) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:b715111ad2b86d8ef301424b82810a07674f3a332288222053e60040960642ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This assessment is supported by reciprocal inventory purchase and sales transactions not being negotiated between the two counterparties at the same time. In addition, there is no correlation between the value of goods delivered to Manufacturer B and the value of goods received from Manufacturer B. Although this last factor is not explicitly identified in the guidance in this Subtopic, it further strengthens the assessment that the inventory transactions were not entered into in contemplation of one another. Consequently, the inventory purchase and sales transactions would not be deemed a single exchange for purposes of applying the [Purchases and Sales of Inventory with the Same Counterparty Subsection](https://asc.understandingaccounting.org/asc/845/10/#30-initial-measurement) of Section 845-10-30 and would be considered separate monetary transactions subject to the guidance in other relevant generally accepted accounting principles (GAAP). ### Exchanges Involving Monetary Consideration ##### [845-10-55-27](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-27) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:308ab76ca6a47833e48cff2c5fc9236d81d32d9de3d4c3042b10e8b3c48080ff 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/). ##### [845-10-55-28](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-28) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:71d0d63ebece389c3e343cbef88c5d9828404ecacb959281084aafe0d36005de 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/). ##### [845-10-55-29](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-29) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:c94df5f4b2d3dccca5669fa01bec102e8ffce7e05f00234c18ed61825dbf3a01 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/). ##### [845-10-55-30](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-30) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:ac6cc80078bddaa6591d75d16c0733420f720727c2a89d2f2e20b706abe59bbd 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/). ##### [845-10-55-31](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-31) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:680d1c46eefef0d84afaca9faf30bb0f7474ce84fa5b68698f88ed0cb0e7b776 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/). ##### [845-10-55-32](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-32) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:41d34019eafd460efeed6f54a78277b4fdcaef04882e243276bc62749585e7cf 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/). ##### [845-10-55-33](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-33) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:05b35e68bd96f08fea5ead52696d578654c6a304e0a460091feebb4e68a048ce 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/). ##### [845-10-55-34](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-34) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:42d2f18bb52045a716ca43e16d76ee58ea90e722e515e2b19670aef9959bd6a6 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/). ##### [845-10-55-35](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-35) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:7328e88256ef8218aeabd86efe60b87ba342df16c0df9513e3ff35d7f14ed860 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/). ##### [845-10-55-36](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-36) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:a2506eb017f9af32093be2bf1c4adeb8c184c2b12f13644c27d2f9a223a26554 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/). ##### [845-10-55-37](https://asc.understandingaccounting.org/asc/845/10/#845-10-55-37) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:48.528Z to 2026-09-10T01:59:48.528Z Record version: sha256:c17edca7f34efa81a71bc259e4b2933c1d7e014e05711f79049f73f4a3152598 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/). Source downloaded (UTC): 2026-09-10T01:59:50.163Z to 2026-09-10T01:59:50.163Z Record version: sha256:196c088b2a923dfcb309ce0583c24dbab6677148c924dc0220bb4fcbc7aceb40 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/845/10/#60-relationships) SEC content: no #### Other Expenses ##### [845-10-60-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:50.163Z to 2026-09-10T01:59:50.163Z Record version: sha256:b754885033e73e11fd7e5c669009ac398b60c64503001b06e0f0cd0908173ce8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on accounting for contributions made, see Subtopic 720-25. ### Barter Transactions #### Revenue Recognition ##### [845-10-60-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-60-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:50.163Z to 2026-09-10T01:59:50.163Z Record version: sha256:d346d698efb0ad6a8c3ffa23617b873e8ec9e6f927a46fbab2317faa30016607 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on accounting for advertising barter transactions, see the guidance on noncash consideration in paragraphs [606-10-32-21 through 32-24](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-21) . ### Exchanges Involving Monetary Consideration ##### [845-10-60-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-60-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:50.163Z to 2026-09-10T01:59:50.163Z Record version: sha256:9ea3977d06c20654ffe319421490e4b5941c2b6e3fae90b2fefd47172d9b7cf3 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/). Source downloaded (UTC): 2026-09-10T01:59:54.731Z to 2026-09-10T01:59:54.731Z Record version: sha256:7588a2c169d92ab99f9074e50886859ed131f7d303883aaf3d8e16e41caf1317 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/845/10/#sec-00-status) SEC content: yes ##### [845-10-S00-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:54.731Z to 2026-09-10T01:59:54.731Z Record version: sha256:2cfa46e1e2765c5d1cdeb0ed60c9d5c5e8b401a8db79e3cc27cf127287a9edfa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
845-10-S99-1AmendedAccounting Standards Update No. 2012-0308/27/2012
Source downloaded (UTC): 2026-09-10T01:59:56.706Z to 2026-09-10T01:59:56.706Z Record version: sha256:47138b704352ceab5f8320ecafaaa7438eda706d374d2f492b1d6d8420049dce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-S30: SEC 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/845/10/#sec-30-initial-measurement) SEC content: yes #### Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest ##### [845-10-S30-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-S30-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:56.706Z to 2026-09-10T01:59:56.706Z Record version: sha256:b14d992cd021f45055a7cb4c19b638c3154b7e239be5bb1b778c1fab413cd91c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [845-10-S99-2](https://asc.understandingaccounting.org/asc/845/10/#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. ##### [845-10-S30-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-S30-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:56.706Z to 2026-09-10T01:59:56.706Z Record version: sha256:ff08136ab69a5afbc645219cb2a633eb4ace40abed7d9132d6dba38195c873c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [845-10-S99-3](https://asc.understandingaccounting.org/asc/845/10/#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. #### Transfers of Nonmonetary Assets by Promoters or Shareholders ##### [845-10-S30-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-S30-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:56.706Z to 2026-09-10T01:59:56.706Z Record version: sha256:061b638e2ca07e6c19654ee4d0d7642f1d35dabe3aab19f01709a3cc6228beac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [845-10-S99-1](https://asc.understandingaccounting.org/asc/845/10/#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. Source downloaded (UTC): 2026-09-10T01:59:59.992Z to 2026-09-10T01:59:59.992Z Record version: sha256:7854218d6bb290be777921bd7aec4f1320d41043b1541e7c95e90dd36062e1da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-10-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/845/10/#sec-99-sec-materials) SEC content: yes #### SEC Staff Guidance ##### [845-10-S99-1](https://asc.understandingaccounting.org/asc/845/10/#845-10-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:59.992Z to 2026-09-10T01:59:59.992Z Record version: sha256:e91c9afd2db08a0ef28652a1495d6b9bb5649a8449e3f102f0230158a92da7e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 5.G, Transfers of Nonmonetary Assets by Promoters or Shareholders. - Facts: Nonmonetary assets are exchanged by promoters or shareholders for all or part of a company's common stock just prior to or contemporaneously with a first-time public offering. - Question: Since FASB ASC paragraph [845-10-15-4](https://asc.understandingaccounting.org/asc/845/10/#845-10-15-4) (Nonmonetary Transactions Topic) states that the guidance in this Topic is not applicable to transactions involving the acquisition of nonmonetary assets or services on issuance of the capital stock of an enterprise, what value should be ascribed to the acquired assets by the company? - Interpretive Response: The staff believes that transfers of nonmonetary assets to a company by its promoters or shareholders in exchange for stock prior to or at the time of the company's initial public offering normally should be recorded at the transferors' historical cost basis determined under GAAP. - The staff will not always require that predecessor cost be used to value nonmonetary assets received from an enterprise's promoters or shareholders. However, deviations from this policy have been rare applying generally to situations where the fair value of either the stock issued FN1 or assets acquired is objectively measurable and the transferor's stock ownership following the transaction was not so significant that the transferor had retained a substantial indirect interest in the assets as a result of stock ownership in the company. - FN1 Estimating the fair value of the common stock issued, however, is not appropriate when the stock is closely held and/or seldom or ever traded. ##### [845-10-S99-2](https://asc.understandingaccounting.org/asc/845/10/#845-10-S99-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:59.992Z to 2026-09-10T01:59:59.992Z Record version: sha256:d53fbfe2f943dd6eae12a61beb7e2368163932b0787a739b7823ca30797b9078 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SEC Observer Comment: Accounting by a Joint Venture for Businesses Received at Its Formation. - The SEC staff will object to a conclusion that did not result in the application of Topic 805 to transactions in which businesses are contributed to a newly formed, jointly controlled entity if that entity is not a joint venture. The SEC staff also would object to a conclusion that joint control is the only defining characteristic of a joint venture. ##### [845-10-S99-3](https://asc.understandingaccounting.org/asc/845/10/#845-10-S99-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:59:59.992Z to 2026-09-10T01:59:59.992Z Record version: sha256:20309d6e507161d38af0502109c4972b6bca37ad1adc6833ce8006cefbac436f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SEC Observer Comment: Interpretation of Subtopic 845-10. - The SEC staff will require registrants to account for the exchange of consolidated businesses, even if in the same line of business, as a fair value transaction under the guidance of Topic 805. The SEC staff believes that Topic governs the acquisition of a consolidated business when acquired for nonmonetary assets, including equity method investments. Source downloaded (UTC): 2026-09-10T02:00:03.974Z to 2026-09-10T02:00:11.325Z Record version: sha256:b6994799b8471cf1e010e098f0befc4edbda4cbfdfd35920fcd4b45d0d9da788 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-908: Nonmonetary Transactions — Airlines ### Machine-generated study aids ```json { "summary": "This Subtopic addresses how airlines account for exchanges of take-off and landing slots. Slots received in an exchange with another airline are nonmonetary assets and must be recorded under the general nonmonetary transaction guidance in Topic 845 (845-908-25-1), with related intangible asset guidance in Subtopic 908-350. Its scope is the same as the airline industry Overall Subtopic scope in Section 908-10-15.", "key_points": [ "The Subtopic provides accounting guidance for the exchange of take-off and landing slots by entities in the airline industry (845-908-05-1).", "Scope follows the airline industry Overall Subtopic, Section 908-10-15 (845-908-15-1).", "Take-off and landing slots acquired in an exchange with another airline are nonmonetary assets (845-908-25-1).", "Slots acquired in such exchanges shall be recorded in conformity with Topic 845, the general nonmonetary transactions guidance (845-908-25-1).", "Subtopic 908-350 provides related guidance on airline intangible assets such as slots (845-908-25-1)." ], "categories": [ "Recognition", "Initial measurement", "Intangibles and goodwill", "Industry-specific" ], "audience_level": "intermediate", "student_note": "A short, cross-reference-heavy Subtopic: the only real rule is that airport slots swapped between airlines are nonmonetary assets governed by Topic 845, so you must go to 845-10 to decide whether the exchange has commercial substance (fair value) or is recorded at carrying amount. Students often assume slot swaps are simply recorded at fair value; the general 845 exceptions still apply.", "related_topics": [ "845-10", "908-10", "908-350", "350-30", "805" ], "key_concepts": [ "take-off and landing slots", "nonmonetary asset", "nonmonetary exchange", "airline industry", "exchange of similar assets", "intangible assets" ] } ``` Source downloaded (UTC): 2026-09-10T02:00:03.974Z to 2026-09-10T02:00:03.974Z Record version: sha256:0cd8b3ab2a7c78121aa8c427abc06d34f94bfc1894ea31505e11daf16369e30c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-908-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/845/908/#05-overview-and-background) SEC content: no ##### [845-908-05-1](https://asc.understandingaccounting.org/asc/845/908/#845-908-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:03.974Z to 2026-09-10T02:00:03.974Z Record version: sha256:c94ef635d10ed1e70b7d86311838fc4462fcc79445a5facb00cba84509b2eabb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides accounting guidance for the exchange of take-off and landing slots for entities in the airline industry. Source downloaded (UTC): 2026-09-10T02:00:08.019Z to 2026-09-10T02:00:08.019Z Record version: sha256:0113c2eeb690d1847cb9c99288e06afdea78e425fb256c330c9d7d3a15fc8d7a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-908-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/845/908/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [845-908-15-1](https://asc.understandingaccounting.org/asc/845/908/#845-908-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:08.019Z to 2026-09-10T02:00:08.019Z Record version: sha256:309e7f47aad0cd66e46b68efd8910e7f660244b15504923c2a10a103d273e373 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 908-10-15. Source downloaded (UTC): 2026-09-10T02:00:11.325Z to 2026-09-10T02:00:11.325Z Record version: sha256:c0db9f52de5b92a9e72ba0953c01ef74eb7bc8c9c2056d8dca5cac9a166508eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-908-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/845/908/#25-recognition) SEC content: no ##### [845-908-25-1](https://asc.understandingaccounting.org/asc/845/908/#845-908-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:11.325Z to 2026-09-10T02:00:11.325Z Record version: sha256:578efd4c7813299c33a8c5075865d6c498721d8d98ba35dbfc86dac9422e6931 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When an airline exchanges take-off or landing slots with another airline, the slots acquired in the exchange are nonmonetary assets that shall be recorded in conformity with Topic 845. See also Subtopic 908-350. Source downloaded (UTC): 2026-09-10T02:00:13.230Z to 2026-09-10T02:00:28.770Z Record version: sha256:5dd5562c1c0b1dfd6e1926fd40de3b0c61356b1e2f8c1bd712278b2373b04fe0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-920: Nonmonetary Transactions — Entertainment—Broadcasters ### Machine-generated study aids ```json { "summary": "ASC 845-920 formerly provided nonmonetary-transaction guidance for broadcasters, principally barter transactions in which broadcasters exchanged advertising time for goods, services, or program material. Every substantive paragraph in the subtopic (Sections 05, 15, 25, and 30) was superseded by ASU 2014-09 (the revenue standard). As a result, the subtopic contains no remaining guidance, and barter/nonmonetary exchanges involving broadcasters are now analyzed under ASC 606 (with noncash consideration measured at fair value) and the general nonmonetary guidance in ASC 845-10.", "key_points": [ "All of the subtopic's guidance—845-920-05-1, 845-920-15-1, 845-920-25-1, 845-920-30-1 and 845-920-30-2—was superseded by Accounting Standards Update No. 2014-09.", "Because no paragraphs remain in effect, ASC 845-920 imposes no recognition, measurement, or scope requirements for broadcaster nonmonetary transactions.", "Broadcaster barter transactions (e.g., advertising time exchanged for goods, services, or program material) that are contracts with customers are accounted for under ASC 606, including its noncash consideration guidance.", "Nonmonetary exchanges that are not revenue transactions with customers remain subject to the general guidance in ASC 845-10.", "Entities should not apply superseded guidance; the effective-date and transition provisions of ASU 2014-09 govern when the superseded paragraphs ceased to apply." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Initial measurement" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell—its only content is a record of supersession by ASU 2014-09—so the exam point is knowing where the guidance went, not what it said. The common mistake is citing legacy broadcaster barter rules instead of applying ASC 606's noncash consideration (fair value) requirements.", "related_topics": [ "606", "845-10", "920-845", "920-350", "606-10" ], "key_concepts": [ "barter transactions", "nonmonetary exchange", "advertising time", "noncash consideration", "broadcasters", "superseded guidance", "program material" ] } ``` Source downloaded (UTC): 2026-09-10T02:00:13.230Z to 2026-09-10T02:00:13.230Z Record version: sha256:7947a6e9bf700245fba703b7a793794616ec47dd21aebfd1d712406e3eb9d14b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-920-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/845/920/#00-status) SEC content: no ##### [845-920-00-1](https://asc.understandingaccounting.org/asc/845/920/#845-920-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:13.230Z to 2026-09-10T02:00:13.230Z Record version: sha256:e7e987f2e82563013afb1b1b28ad51cba2a017b5d8d8d421ec4769e9f76dcd07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BarterSupersededAccounting Standards Update No. 2014-0905/28/2014
BroadcasterSupersededAccounting Standards Update No. 2014-0905/28/2014
920-845-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
920-845-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
920-845-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
920-845-30-1SupersededAccounting Standards Update No. 2014-0905/28/2014
920-845-30-2SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T02:00:15.586Z to 2026-09-10T02:00:15.586Z Record version: sha256:17788922aa1140cb1d26a316df93a1108478895c6e9c615064402b2d20ab6266 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-920-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/845/920/#05-overview-and-background) SEC content: no ##### [845-920-05-1](https://asc.understandingaccounting.org/asc/845/920/#845-920-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:15.586Z to 2026-09-10T02:00:15.586Z Record version: sha256:bc3b5fd522a533604ab0f5dac22e30c326352f1448db3de74fd556e6a96839bc 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/). Source downloaded (UTC): 2026-09-10T02:00:19.506Z to 2026-09-10T02:00:19.506Z Record version: sha256:5e2481678802a57742b097b06de54582c7c11cfb179d515eb83172a71ffaeb6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-920-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/845/920/#15-scope-and-scope-exceptions) SEC content: no ##### [845-920-15-1](https://asc.understandingaccounting.org/asc/845/920/#845-920-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:19.506Z to 2026-09-10T02:00:19.506Z Record version: sha256:b072edabc9fd26c6253e54026fb56d613ca3579f22b74635e2357cfe5e3af4ac 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/). Source downloaded (UTC): 2026-09-10T02:00:22.045Z to 2026-09-10T02:00:22.045Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-920-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/845/920/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T02:00:25.533Z to 2026-09-10T02:00:25.533Z Record version: sha256:a6287ed9fe99ddd8f910a59fdddb84ebcc84fbf11a1fb7a6da9bf57ce46d190c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-920-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/845/920/#25-recognition) SEC content: no ##### [845-920-25-1](https://asc.understandingaccounting.org/asc/845/920/#845-920-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:25.533Z to 2026-09-10T02:00:25.533Z Record version: sha256:91fe024ecdd2e4c4fdc5ba5ce2e8e198256b2a88aec892be7c1ac49a1149d721 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/). Source downloaded (UTC): 2026-09-10T02:00:28.770Z to 2026-09-10T02:00:28.770Z Record version: sha256:cf002f94b23da6bc66870485fb76170689716b59f8ae95968fd854c6c2499e64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-920-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/845/920/#30-initial-measurement) SEC content: no ##### [845-920-30-1](https://asc.understandingaccounting.org/asc/845/920/#845-920-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:28.770Z to 2026-09-10T02:00:28.770Z Record version: sha256:43d258f6bf2327166c81e2bcad066d2eab36d65dade6a6d9c123e90c6f3bc61c 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/). ##### [845-920-30-2](https://asc.understandingaccounting.org/asc/845/920/#845-920-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:28.770Z to 2026-09-10T02:00:28.770Z Record version: sha256:4ae67d4ec58de5b96c671fc27f0f7768d431a1e0b5fb2358e093f34d81ce4bc3 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/). Source downloaded (UTC): 2026-09-10T02:00:32.051Z to 2026-09-10T02:00:40.674Z Record version: sha256:64fc851ba18e58a32d56f69c53cabbdf110bab4d5f4d0c844143dbc102dbe1e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926: Nonmonetary Transactions — Entertainment—Films ### Machine-generated study aids ```json { "summary": "ASC 845-926 was the industry-specific guidance applying nonmonetary-exchange principles to film entities (e.g., barter or exchange transactions involving film licensing rights). Every remaining paragraph in the subtopic — the overview (845-926-05-1), scope (845-926-15-1), and recognition (845-926-25-1) guidance — was superseded by ASU 2014-09, the revenue recognition standard. As a result, the subtopic contains no operative guidance; exchanges of film rights for consideration other than cash are now analyzed under ASC 606 (and related film cost guidance in ASC 926).", "key_points": [ "All content of this subtopic, including 845-926-05-1, 845-926-15-1, and 845-926-25-1, was superseded by Accounting Standards Update No. 2014-09.", "No recognition, measurement, presentation, or disclosure requirements remain in ASC 845-926.", "Film-related exchange or barter transactions previously addressed here are now evaluated under the revenue guidance in ASC 606, including its noncash consideration provisions.", "Nonmonetary transactions outside the scope of revenue guidance continue to be governed by the general principles of ASC 845-10." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "Cite this subtopic only to explain that legacy film barter/nonmonetary guidance no longer exists; the common mistake is applying the superseded film-specific rules instead of ASC 606's noncash consideration measurement (fair value of noncash consideration at contract inception).", "related_topics": [ "606", "845-10", "926", "926-20", "606-10" ], "key_concepts": [ "superseded guidance", "nonmonetary exchange", "film licensing rights", "barter transaction", "noncash consideration", "industry-specific revenue guidance" ] } ``` Source downloaded (UTC): 2026-09-10T02:00:32.051Z to 2026-09-10T02:00:32.051Z Record version: sha256:5c48059d6bccf924820d9abc88ab7111d1186a0b2ae4ef28c2164b7b85196aa4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/845/926/#00-status) SEC content: no ##### [845-926-00-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:32.051Z to 2026-09-10T02:00:32.051Z Record version: sha256:d245ad8725f4d2ba7c8e6b685183f1b1804a27210500a42b7c2cb02eda0e93d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
RevenueSupersededAccounting Standards Update No. 2014-0905/28/2014
926-845-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
926-845-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
926-845-25-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T02:00:34.427Z to 2026-09-10T02:00:34.427Z Record version: sha256:b7a703b5fb1bdca291484cd4d58eac00d7eb3d857f874335fee9c8c687ca3427 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/845/926/#05-overview-and-background) SEC content: no ##### [845-926-05-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:34.427Z to 2026-09-10T02:00:34.427Z Record version: sha256:567b7097f3c31ee3e82f529d34fbd6280da79e6ea802621137b57bb1111f5ab0 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/). Source downloaded (UTC): 2026-09-10T02:00:36.466Z to 2026-09-10T02:00:36.466Z Record version: sha256:49783667e0c5f3f5bf2eca5c05ef3a7bfcd29eae13dd22999bccc82c90b4a3fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/845/926/#15-scope-and-scope-exceptions) SEC content: no ##### [845-926-15-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:36.466Z to 2026-09-10T02:00:36.466Z Record version: sha256:b528aa49736006a860439e73d1d4aa34617e7ebb69f20357b44d6a265ef0904e 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/). Source downloaded (UTC): 2026-09-10T02:00:38.643Z to 2026-09-10T02:00:38.643Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/845/926/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T02:00:40.674Z to 2026-09-10T02:00:40.674Z Record version: sha256:fd5bb36fe6c85e6e294420f7908307b37524879907fc8f2b4fe4de1071a31024 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-926-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/845/926/#25-recognition) SEC content: no ##### [845-926-25-1](https://asc.understandingaccounting.org/asc/845/926/#845-926-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:40.674Z to 2026-09-10T02:00:40.674Z Record version: sha256:f947115d1c0dd56215621ee8136158b99d4f33ba0aaa9df6b706f20fdae11f55 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/). Source downloaded (UTC): 2026-09-10T02:00:42.907Z to 2026-09-10T02:00:58.482Z Record version: sha256:811e6c224ec596f9919f20f180a7f148ab08713fb0735b68c16caa7e95eef850 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985: Nonmonetary Transactions — Software ### Machine-generated study aids ```json { "summary": "ASC 845-985 formerly provided industry guidance on nonmonetary (barter) exchanges involving software, principally software revenue recognition in exchanges of software products or licenses. Every paragraph in this subtopic — scope, recognition, and implementation guidance — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). The subtopic therefore contains no operative guidance; nonmonetary consideration in software arrangements is now addressed under ASC 606 (noncash consideration) and general nonmonetary guidance in ASC 845-10.", "key_points": [ "All content of 845-985 (paragraphs 845-985-05-1, 15-1 through 15-2, 25-1 through 25-7, and 55-1 through 55-8) is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09,' leaving no effective guidance in the subtopic.", "Because the legacy software-specific nonmonetary exchange guidance was withdrawn, entities apply ASC 606 to revenue arrangements settled in noncash consideration, measuring such consideration at fair value under 606-10-32-21 through 32-24.", "General nonmonetary exchange principles (fair value measurement, commercial substance exception) remain in ASC 845-10; the software carve-out no longer exists.", "The superseded status is a transition artifact: entities that had not yet adopted ASU 2014-09 previously looked here, but for all current periods the guidance is inoperative.", "Related legacy software revenue guidance in ASC 985-605 was likewise superseded by ASU 2014-09, so no residual software-specific barter model survives." ], "categories": [ "Revenue", "Transition and effective dates", "Industry-specific", "Fair value" ], "audience_level": "intermediate", "student_note": "Know that this subtopic is entirely superseded by ASU 2014-09 — citing it as live authority is the classic error; software barter transactions now fall under ASC 606's noncash consideration rules and ASC 845-10's general nonmonetary principles.", "related_topics": [ "606", "845-10", "985-605", "340-40", "820" ], "key_concepts": [ "nonmonetary transaction", "barter exchange of software", "noncash consideration", "superseded guidance", "revenue recognition", "commercial substance", "fair value measurement" ] } ``` Source downloaded (UTC): 2026-09-10T02:00:42.907Z to 2026-09-10T02:00:42.907Z Record version: sha256:880c431ed2368a2e645e1cc17395905f0d00d6bf2612a548ba76d2550e2324e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/845/985/#00-status) SEC content: no ##### [845-985-00-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:42.907Z to 2026-09-10T02:00:42.907Z Record version: sha256:c6252feaabaf61d5db51de7ab8839743039cc4e71ba3f18b28c7c79930582f4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
CustomerSupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-15-2SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-25-1 through 25-7
SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-55-1 through 55-8
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T02:00:46.762Z to 2026-09-10T02:00:46.762Z Record version: sha256:94a5533e2bf6fd37b95911666074ca5d502acc81fc5ded267898f32634ea89c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/845/985/#05-overview-and-background) SEC content: no ##### [845-985-05-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:46.762Z to 2026-09-10T02:00:46.762Z Record version: sha256:65b1e9ac0c036429e79d0b7dc4080a27081187e30a3ce5687447f4bfb3aed666 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/). Source downloaded (UTC): 2026-09-10T02:00:49.165Z to 2026-09-10T02:00:49.165Z Record version: sha256:6eafbd3b004082c859bb3f994bb7229fc31b42948a28f113c064a95c484914ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/845/985/#15-scope-and-scope-exceptions) SEC content: no ##### [845-985-15-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:49.165Z to 2026-09-10T02:00:49.165Z Record version: sha256:a1bec3590687d8cba8649253fd79b796957b3588bed31310cce9172659760586 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/). ##### [845-985-15-2](https://asc.understandingaccounting.org/asc/845/985/#845-985-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:49.165Z to 2026-09-10T02:00:49.165Z Record version: sha256:4abb298b077b96bed000d8eea37b34eaab1ba902e517455df6406c73a7065839 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/). Source downloaded (UTC): 2026-09-10T02:00:52.964Z to 2026-09-10T02:00:52.964Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/845/985/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:cc7f7b755f2246f73b9a535e1a8639c11270bb053cac253f5f522382f271b87b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/845/985/#25-recognition) SEC content: no ##### [845-985-25-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:3deee76fdd297d461518e8a205f6c320f76a76f31d165283a111c875578e4d49 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/). ##### [845-985-25-2](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:45743787140a97f705e558424ecb304a865fba1c17549563f6e48b27759f26bf 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/). ##### [845-985-25-3](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:459a5f8374a1488fc9b034bc45e4875366ba14f9126e93fe142dd40caf2d70e3 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/). ##### [845-985-25-4](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:bd106f8d019258ef42318793e47d985b61fa55e4288e50b14a7b1a49be181ae4 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/). ##### [845-985-25-5](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:c25858c90ff44ebbc3ba9ca18dbc0e7c26dfaa1d10dcef2cd9727d692b8c2466 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/). ##### [845-985-25-6](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:898c331b78531f44eba82762023362afcbc18f1fef2771ebcb1bb285213e5ba7 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/). ##### [845-985-25-7](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:79fbce91926b0e1bb610eca64bc51051dc890082b00feab52f6f276f0c2da742 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/). Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:c15fbb74a11e601e44c4f792a85f54f11a401cb940d47cd049d741d1eff078ca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/845/985/#55-implementation-guidance-and-illustrations) SEC content: no ##### [845-985-55-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:1f23ecd90483b48a9c0739c8c7c3e533e7caf75a044bd0d13aaf702cd5606cd4 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/). ##### [845-985-55-2](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:2792dbd8cd6e3793d67e0680b163715f42d63675d2fc32dbd80331c4380be2c3 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/). ##### [845-985-55-3](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:7c834c1ce487bfaed24b14007d2f5fcc41d0ac9df0bdc31f53e730c017f6edab 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/). ##### [845-985-55-4](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:3b858991abf4843ba1432f16403bc9d837e9d65588c9b2f7b39ba8ddb422cc37 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/). ##### [845-985-55-5](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:6ba3a63f9544c06f55c147c02e7842156a953784c4d947400b5af92ab03fc320 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/). ##### [845-985-55-6](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:b39dfed8bbc6239ee395e29409e2b6e0ad5f8c631ffffdf586fd868b2f70c00e 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/). ##### [845-985-55-7](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:db127117348bbd69212ddbfc29b1edf7eace7c4d1b9f1bbb39902a8951cea41a 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/). ##### [845-985-55-8](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:7a58900108752b599ce043caa703f4b96e005bf75c2cfc8a726c94db9d046e2a 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/).