Publishers The best observ- s limited he sell- ine, for Des not y other d likely mation ement? which ng the Cambridge Business Publishers Continued from previous page Finally, considering the guidance provided, take a shot at showing how you would allocate the transaction price to the two performance obligations in this arrangement. 7. TEDY Pampoe Chapter 71 Using the Codification to Research Measurement Issues Application of ASC 606-10 can involve significant judgment. When faced with a measurement question involving this topic, you should strongly consider supplementing your Codification research with interpretive publications (such as firm accounting guides). SUBSEQUENT MEASUREMENTS Overview Subsequent measurements, or "day 2" measurements, are necessary for reporting changes in recorded assets or liabilities. Subsequent measurement guidance provides both (1) information on at what value to report assets and liabilities in periods following their initial measurement and (2) information on how to report tho