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FASB ASC 13-3 The FASB ASC states that for purposes of recognizing profit on time-sharing transactions, it is necessary that such transfer be nonreversionary. If
FASB ASC 13-3 The FASB ASC states that for purposes of recognizing profit on time-sharing transactions, it is necessary that such transfer be nonreversionary. If the title is reversionary, how should the transaction be recorded?
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