Add substance in ASC

The fastest and safest way to Add substance in ASC files

Browsing for a professional tool that deals with particular formats can be time-consuming. Despite the huge number of online editors available, not all of them support ASC format, and certainly not all enable you to make changes to your files. To make matters worse, not all of them give you the security you need to protect your devices and documentation. DocHub is a great solution to these challenges.

DocHub is a well-known online solution that covers all of your document editing needs and safeguards your work with enterprise-level data protection. It works with different formats, such as ASC, and allows you to modify such paperwork quickly and easily with a rich and intuitive interface. Our tool fulfills crucial security regulations, such as GDPR, CCPA, PCI DSS, and Google Security Assessment, and keeps improving its compliance to guarantee the best user experience. With everything it offers, DocHub is the most trustworthy way to Add substance in ASC file and manage all of your personal and business documentation, no matter how sensitive it is.

Use our instructions to safely Add substance in ASC file with DocHub:

Upload your ASC form to our editor using any available upload option.
Start adjusting your content using tools from the pane on the top.
If needed, change your text and insert visual components - pictures or icons.
Highlight significant details and remove those that are no longer applicable.
Add additional fillable areas to your ASC template and assign them as you need.
Place Signature Fields where you want them, and sign and collect signatures from other people.
Rearrange the form by going to Menu → Actions and choose Rotate or Append Pages.
Share your document with other people, print it, save it, or export it to the cloud.

Once you complete all of your alterations, you can set a password on your edited ASC to make sure that only authorized recipients can work with it. You can also save your document with a detailed Audit Trail to see who made what edits and at what time. Select DocHub for any documentation that you need to edit securely. Subscribe now!

PDF editing simplified with DocHub

Seamless PDF editing

Editing a PDF is as simple as working in a Word document. You can add text, drawings, highlights, and redact or annotate your document without affecting its quality. No rasterized text or removed fields. Use an online PDF editor to get your perfect document in minutes.

Smooth teamwork

Collaborate on documents with your team using a desktop or mobile device. Let others view, edit, comment on, and sign your documents online. You can also make your form public and share its URL anywhere.

Automatic saving

Every change you make in a document is automatically saved to the cloud and synchronized across all devices in real-time. No need to send new versions of a document or worry about losing information.

Google integrations

DocHub integrates with Google Workspace so you can import, edit, and sign your documents directly from your Gmail, Google Drive, and Dropbox. When finished, export documents to Google Drive or import your Google Address Book and share the document with your contacts.

Powerful PDF tools on your mobile device

Keep your work flowing even when you're away from your computer. DocHub works on mobile just as easily as it does on desktop. Edit, annotate, and sign documents from the convenience of your smartphone or tablet. No need to install the app.

Secure document sharing and storage

Instantly share, email, and fax documents in a secure and compliant way. Set a password, place your documents in encrypted folders, and enable recipient authentication to control who accesses your documents. When completed, keep your documents secure in the cloud.

Drive efficiency with the DocHub add-on for Google Workspace

Access documents and edit, sign, and share them straight from your favorite Google Apps.

Install now

How to Add substance in ASC

4.8 out of 5

65 votes

in this video Im going to talk about how to account for an exchange of non-monetary assets when the transaction lacks commercial substance or when you cant determine the fair value of the non-monetary assets so if you remember from previous videos our general rule of thumb was that were gonna record the asset received a fair market value and then book again or a loss but if we dont know what the fair market value is then obviously we cant use the fair market value to do this and so were gonna do an alternative method where were actually going to bring the new asset in at the book value of the old asset adjusting for any cash so also we do the same method if theres no commercial substance to the transaction and commercial substances is kind of a tricky issue the main idea is that by doing this transaction there should be some change in the underlying cash flows for the firm so if the firm decides to trade one truck for a truck from another company its its assumed that okay if

Related features

change flag in the Restaurant Customer Satisfaction Survey Template

change flag in the Event Satisfaction Survey

change flag in the Patient Satisfaction Survey

change flag in the Weekly Timesheet

change flag in the Soccer Coach Evaluation

change flag in the Product Survey

change flag in the Summer Camp Evaluation

change flag in the Supervisor Evaluation

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Contact us

What is substance over form ASC?

Substance over form in accounting refers to a concept that transactions recorded in the financial statements and accompanying disclosures of a company must reflect their economic substance rather than their legal form.

What are non financial items?

What Is a Nonfinancial Asset? A nonfinancial asset is an asset that derives its value from its physical traits. Examples include real estate and vehicles. It also includes all intellectual property, such as patents and trademarks.

What is ASC 610 20?

ASC 610-20 addresses the recognition of gains or losses when nonfinancial assets and in substance nonfinancial assets are derecognized. The term nonf inancial asset is not defined in U.S. GAAP but is a descriptive term that includes all assets that do not meet the definition of a financial asset.

What is ASC 605 revenue recognition?

This Topic provides guidance for transaction-specific revenue recognition and certain matters related to revenue-generating activities, such as the sale of products, the rendering of services, and the gain or loss on involuntary conversions of nonmonetary assets to monetary assets, that are not addressed specifically

What does commercial substance mean IFRS 15?

A contract has commercial substance only when the entitys future cash flows will change because of the contract. [i]There is a change in cash flow when there is a docHub change in any of the following factors: Risk increase in the risk that cash inflows will not occur because of the transaction.

What is the sale of a nonfinancial asset?

Sales of nonfinancial assets include the sale of tangible assets, such as finished goods, land, buildings, equipment, and furniture and fixtures, as well as the sale of intangible assets, such as intellectual property.

What is other income under US GAAP?

Other comprehensive income consists of revenues, expenses, gains, and losses that, ing to the GAAP and IFRS standards, are excluded from net income on the income statement. Revenues, expenses, gains, and losses that are reported as other comprehensive income are amounts that have not been realized yet.

What is commercial substance ASC 606?

The standard defines commercial substance in ASC 606-10-25-1(d) as when the risk, timing, or amount of the entitys future cash flows is expected to change as a result of the contract. This attribute helps to avoid recognizing revenue for transactions that have no economic impact or business purpose.

See why our customers choose DocHub

Great solution for PDF docs with very little pre-knowledge required.

"Simplicity, familiarity with the menu and user-friendly. It's easy to navigate, make changes and edit whatever you may need. Because it's used alongside Google, the document is always saved, so you don't have to worry about it."

Pam Driscoll F
Teacher

A Valuable Document Signer for Small Businesses.

"I love that DocHub is incredibly affordable and customizable. It truly does everything I need it to do, without a large price tag like some of its more well known competitors. I am able to send secure documents directly to me clients emails and via in real time when they are viewing and making alterations to a document."

Jiovany A
Small-Business

I can create refillable copies for the templates that I select and then I can publish those.

"I like to work and organize my work in the appropriate way to meet and even exceed the demands that are made daily in the office, so I enjoy working with PDF files, I think they are more professional and versatile, they allow..."

Victoria G
Small-Business

be ready to get more

Edit and sign PDF for free

Get started now

Add substance in ASC smoothly