8. Read the following issue. Next, add an ellipsis to par. 15-2 to reflect the removal of any guidance not considered relevant to this issue.

Issue: Presto Hospitality is researching the interaction between ASC 842 (Leases) and ASC 606 (Revenue). Presto wants to know whether it must evaluate ASC 606 for any contracts that it concludes are within the scope of leasing guidance. Presto reviews the following scope guidance in ASC 606-10: 15-2 An entity shall apply the guidance in this Topic to all contracts with customers, except the following: a. Lease contracts within the scope of Topic 842, Leases. b. Contracts within the scope of Topic 944, Financial Services-Insurance. c. Financial instrnments and other contractual rights or obligations within the scope of the following Topics: l. Topic 310, Receivables 2. Topic 320, Investments-Debt and Equity Securities 2a. Topic 321, Investments-Equity Securities 3. Topic 323, Investments-Equity Method and Joint Ventures 4. Topic 325, Investments-Other 5. Topic 405, Liabilities 6. Topic 470, Debt 7. Topic 815, Derivatives and Hedging 8. Topic 825, Financial Instruments 9. Topic 860, Transfers and Servicing. d. Guarantees ( other than product or service warranties) within the scope of Topic 460, Guarantees. e. Nonmonetary exchanges between entities in the same line of business to facilitate sales to customers or potential customers. For example, this Topic would not apply to a contract between two oil companies that agree to an exchange of oil to fulfill demand from their customers in different specified locations on a timely basis. Topic 845 on nonmonetary transactions may apply to nonmonetary exchanges that are not within the scope of this Topic.