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There are no specific disclosures required by ASC 805-50 for acquisitions of assets that do not meet the definition of a business. However, reporting entities should follow the disclosure requirements in accordance with other US GAAP based on the nature of the assets acquired or liabilities assumed (e.g., ASC 350 for intangible assets, ASC 845 for nonmonetary transactions, ASC 450 for contingencies). See PwC’s Financial Statement Presentation guide for further information.

PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

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