The ASC citation for the location of GAAP guidance takes this generic form: ASC 123 45 67 89 (Area Topic Subtopic Section)

Example : What ASC citation provides GAAP guidance for reporting cash effects on the statement of cash flows.

Solution: In the ASC, begin by searching for words included in the question, like cash effects on statement of cash flows. Read the section(s) listed in the search results to identify the appropriate guidance. Example Answer: ASC 230 - 10 - 45 - 1 Area Topic Subtopic Section

Question 3: What citation provides GAAP guidance for reporting the translation adjustments which result from the process of translating an entitys financial statements into the reporting currency? FASB ASC __830 -________________