ASC C12None

ASC C12None is a category within accounting standards that clarifies there are no specific additional rules or guidelines (hence "None") under the Generally Accepted Accounting Principles (GAAP) for certain transactions or situations. It essentially indicates that the standard accounting treatment or recognition for these cases is straightforward and does not require further interpretation or supplemental guidance. This helps accountants understand that they can rely on existing principles without needing special considerations for those particular circumstances.