ASC 606, Revenue from Contracts with Customers and ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets has superseded ASC 360-20 as the authoritative guidance governing the sale of real estate and in substance real estate. The new standards were effective January 1, 2018, for calendar year-end public companies and January 1, 2019, for calendar year-end nonpublic companies. See PwC’s Revenue from contracts with customers and Property, plant, equipment and other assets guides for additional information on the standards.
Expand Expand

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide