Preface ix About the Author xi Codification Taxonomy xiii 1 ASC 105 Generally Accepted Accounting Principles 1 2 ASC 205 Presentation of Financial Statements 27 3 ASC 210 Balance Sheet 39 4 ASC 215 Statement of Shareholder Equity 49 5 ASC 220 Income Statement-- Reporting Comprehensive Income 51 6 ASC 230 Statement of Cash Flows 67 7 ASC 235 Notes to Financial Statements 91 8 ASC 250 Accounting Changes and Error Corrections 97 9 ASC 255 Changing Prices 117 10 ASC 260 Earnings Per Share 121 11 ASC 270 Interim Reporting 155 12 ASC 272 Limited Liability Entities 167 13 ASC 274 Personal Financial Statements 171 14 ASC 275 Risks and Uncertainties 179 15 ASC 280 Segment Reporting 183 16 ASC 310 Receivables 195 17 ASC 320 Investments-- Debt Securities 237 18 ASC 321 Investments-- Equity Securities 259 19 ASC 323 Investments-- Equity Method and Joint Ventures 265 20 ASC 325 Investments-- Other 295 21 ASC 326 Financial Instruments-- Credit Losses 303 22 ASC 330 Inventory 319 23 ASC 340 Other Assets and Deferred Costs 359 24 ASC 350 Intangibles-- Goodwill and Other 373 25 ASC 360 Property, Plant, and Equipment 407 26 ASC 405 Liabilities 453 27 ASC 410 Asset Retirement and Environmental Obligations 459 28 ASC 420 Exit or Disposal Cost Obligations 479 29 ASC 430 Deferred Revenue and Contract Liabilities 485 30 ASC 440 Commitments 487 31 ASC 450 Contingencies 491 32 ASC 460 Guarantees 499 33 ASC 470 Debt 511 34 ASC 480 Distinguishing Liabilities from Equity 551 35 ASC 505 Equity 567 36 ASC 605 Revenue Recognition 589 37 ASC 606 Revenue from Contracts with Customers 593 38 ASC 610 Other Income 665 39 ASC 705 Cost of Sales and Services 669 40 ASC 710 Compensation-- General 673 41 ASC 712 Compensation-- Nonretirement Post- Employment Benefits 679 42 ASC 715 Compensation-- Retirement Benefits 681 43 ASC 718 Compensation-- Stock Compensation 723 44 ASC 720 Other Expenses 763 45 ASC 730 Research and Development 771 46 ASC 740 Income Taxes 777 47 ASC 805 Business Combinations 831 48 ASC 808 Collaborative Arrangements 879 49 ASC 810 Consolidations 891 50 ASC 815 Derivatives and Hedging 927 51 ASC 820 Fair Value Measurements 1001 52 ASC 825 Financial Instruments 1021 53 ASC 830 Foreign Currency Matters 1027 54 ASC 832 Government Asssistance 1049 55 ASC 835 Interest 1053 56 ASC 842 Leases 1071 57 ASC 845 Nonmonetary Transactions 1105 58 ASC 848 Reference Rate Reform 1117 59 ASC 850 Related Party Disclosures 1129 60 ASC 852 Reorganizations 1131 61 ASC 853 Service Concession Arrangements 1135 62 ASC 855 Subsequent Events 1137 63 ASC 860 Transfers and Servicing 1139 64 ASC 900s Specialized Industry GAAP 1175 Appendix A: Definitions of Terms 1279 Appendix B: Disclosure and Presentation Checklist for Commercial Businesses 1321 Index 1323.