{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/205/972/#50-disclosure","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"205","topic_title":"Presentation of Financial Statements","subtopic":"205-972","subtopic_title":"Real Estate—Common Interest Realty Associations","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Cooperatives","paragraphs":[{"citation":"205-972-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_29BCF7B5-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Components of retained earnings or deficit shall not be disclosed. Allocating a portion of retained earnings to an amount equal to accumulated depreciation is an unacceptable practice. </span></span></div></div>","snippet":"Components of retained earnings or deficit shall not be disclosed. Allocating a portion of retained earnings to an amount equal to accumulated depreciation is an unacceptable practice.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8709ec815440dfb2d0d18b709d85f4dfff2fa4cdc64e1b881ca3157ebf49d62","downloaded_from":"2026-09-09T22:58:14.869Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478812","source_sha256":"fc10e35334625d0d131ce283a675934436c59914506aedb68c769272600e8c2b"}},{"citation":"205-972-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_29BCF8E6-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The notes to the financial statements should disclose a <a href=\"/glossary/c/#cooperative-housing-corporation\" class=\"term\" title=\"Also referred to as a coop, a cooperative housing corporation is an entity established as a corporation that owns the real estate, usually a multi-unit dwelling, and all improvements on it and is responsible for its maintenance and payment of debt service. Ownership in the corporation is evidenced by shares of stock owned by tenant-shareholders who are entitled to occupy a unit under a proprietary lease. The individual ownership interests in most cooperatives are structured as personal property interests, but some are structured as real property interests.\"><span>cooperative's</span></a> funding policy, if any, for future major repairs and replacements, as discussed in paragraph <a href=\"/asc/235/972/#235-972-50-2\" class=\"xref\">972-235-50-2</a>. </span></span></div></div>","snippet":"The notes to the financial statements should disclose a cooperative's funding policy, if any, for future major repairs and replacements, as discussed in paragraph 972-235-50-2.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffed6afb8cfcc5437d2726062293bf0fb88f39165ebc4d7dd5dd3b120b0f5748","downloaded_from":"2026-09-09T22:58:14.869Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478812","source_sha256":"fc10e35334625d0d131ce283a675934436c59914506aedb68c769272600e8c2b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54bee84a9defbd676e591dea742c9b471a733325a2d2b2225a477e373441a439","downloaded_from":"2026-09-09T22:58:14.869Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478812","source_sha256":"fc10e35334625d0d131ce283a675934436c59914506aedb68c769272600e8c2b"}},{"block":null,"heading":"Other Matters","paragraphs":[{"citation":"205-972-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">See paragraph <a href=\"/asc/205/972/#205-972-45-15\" class=\"xref\">972-205-45-15</a> for guidance on disclosing per-share information.</div></div>","snippet":"See paragraph 972-205-45-15 for guidance on disclosing per-share information.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae3f5bcd1339a98479e2c2d5f14f6d69f5f04dcb1425124abd18e33d264336f3","downloaded_from":"2026-09-09T22:58:14.869Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478812","source_sha256":"fc10e35334625d0d131ce283a675934436c59914506aedb68c769272600e8c2b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d62b4b0d216c2a4de67bc9a0b76dc77f1dc561e53072372d18a10ae8acaf308","downloaded_from":"2026-09-09T22:58:14.869Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478812","source_sha256":"fc10e35334625d0d131ce283a675934436c59914506aedb68c769272600e8c2b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7fba39573ffc24bfeae903c3d38d240a492f9bf9c70b2f3df6db8ed6f7a04440","downloaded_from":"2026-09-09T22:58:14.869Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478812","source_sha256":"fc10e35334625d0d131ce283a675934436c59914506aedb68c769272600e8c2b"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7fba39573ffc24bfeae903c3d38d240a492f9bf9c70b2f3df6db8ed6f7a04440","downloaded_from":"2026-09-09T22:58:14.869Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478812","source_sha256":"fc10e35334625d0d131ce283a675934436c59914506aedb68c769272600e8c2b"}}