ASC C12

ASC C12 refers to a specific section of the Accounting Standards Codification, which is a framework for financial reporting in the United States. C12 focuses on "Debt," detailing how to account for and report different types of debt instruments, such as loans and bonds. It guides businesses on aspects like recognition, measurement, and disclosure of debt-related financial information, ensuring consistency and clarity in financial statements. This standard helps investors and stakeholders understand a company's financial obligations and overall financial health.