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VOLVO Dealer Programs 856 Ship Notice/Manifest EDI Guidelines Applications of ASC 12Version: 01086856 Ship Notice/Manifest (ASN) General This document describes Volvo\'s application of the ANSI X12
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ASC 12, or Accounting Standards Codification 12, applies to stock-based compensation and outlines the accounting treatment for such transactions.
Public companies that offer stock-based compensation to employees as part of their compensation packages are required to follow ASC 12 guidelines.
To fill out applications of ASC 12, companies need to carefully track and report all stock-based compensation transactions in their financial statements according to the guidelines outlined in ASC 12.
The purpose of ASC 12 is to provide consistent and transparent reporting of stock-based compensation transactions in financial statements, ensuring that investors and stakeholders have accurate information.
Companies must report details of stock-based compensation transactions, including the fair value of the stock options granted, the vesting period, and any other relevant information required by ASC 12.
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