# ASC 205-972-50: Presentation of Financial Statements — Real Estate—Common Interest Realty Associations — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/205/972/#50-disclosure)

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## ASC 205-972-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/205/972/#50-disclosure)

SEC content: no

#### Cooperatives

##### [205-972-50-1](https://asc.understandingaccounting.org/asc/205/972/#205-972-50-1)

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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.

##### [205-972-50-2](https://asc.understandingaccounting.org/asc/205/972/#205-972-50-2)

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The notes to the financial statements should disclose a [cooperative's](https://asc.understandingaccounting.org/glossary/c/#cooperative-housing-corporation "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.") funding policy, if any, for future major repairs and replacements, as discussed in paragraph [972-235-50-2](https://asc.understandingaccounting.org/asc/235/972/#235-972-50-2).

#### Other Matters

##### [205-972-50-3](https://asc.understandingaccounting.org/asc/205/972/#205-972-50-3)

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See paragraph [972-205-45-15](https://asc.understandingaccounting.org/asc/205/972/#205-972-45-15) for guidance on disclosing per-share information.