Accounting standard newly cited
Filing comparison
Canton Strategic Holdings, Inc. cited accounting standard ASU 2023-08 for the first time in this filing series
Additionally, the Company has adopted ASU 2023-08, under which the Company’s CC holdings must be measured at fair value in the Company’s statement of financial position, with gains and losses from changes in the fair value of our CC tokens recognized in net income each reporting period.
Evidence
- Adopted
- 2023-08
- Contexts
- Additionally, the Company has adopted ASU 2023-08, under which the Company’s CC holdings must be measured at fair value in the Company’s statement of financial position, with gains and losses from changes in the fair value of our CC tokens recognized in net income each reporting period.
- New standards
- 2023-07, 2023-08, 2023-09, 2024-03, 2025-01
- Prior filed
- 2025-03-26
- Prior form
- 10-K
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.