54 ASC 845 NONMONETARY TRANSACTIONS
PERSPECTIVE AND ISSUES
ASC 845, Nonmonetary Transactions, has only one subtopic:
- ASC 845-10, Overall, which includes five Subsections:
- Purchases and sales of inventory with the same counterparty
- Barter transactions
- Exchanges involving monetary consideration
- Exchanges of a nonfinancial asset for a noncontrolling ownership interest.
Scope and Scope Exceptions
Several variants of noncash transactions are governed by ASC 845. ASC 845-10-15-4 lists scope exceptions. The following types of transactions ...