# ASC 235-946-S99: Notes to Financial Statements — Financial Services—Investment Companies — SEC 99 SEC Materials Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/235/946/#sec-99-sec-materials) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:9ff4fbc0f01353eafbef796483a91c5adcc6aea2555e92f77410e444e7b04fc4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/235/946/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [235-946-S99-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:21a113f10c62832ad58cd095c2bf9dcc51647ccf68c9fdff3cbc5c60d3ab9277 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-24, Real Estate Owned and Rental Income (17 CFR 210.12-24). - ![](https://asc.understandingaccounting.org/asc-img/GUID-EA77EA42-D24D-4782-B313-35996241C71A-low.gif) Reg. § 210.12-24 Real Estate Owned and Rental Income1 Part 1—Real estate owned at end of period Part 2—Rental Income Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J "List classification of property as indicated below2,3 " Amount of incumbrances Initial cost to company "Cost of improvements, etc. " "Amount at which carried at close of period4,5,6,7 " Reserve for depreciation Rents due and accrued at end of period "Total rental income applicable to period " "Expended for interest, taxes, repairs and expenses " Net income applicable to period Total8 .................... ............... ............... ............... ............... ............... ............... ............... ............... ............... Rent from properties sold during period xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx ............... ................. ............... Total xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx ............... ............... ............... 1 All money columns shall be totaled. 2 "Each item of property included in column E in an amount in excess of $100,000 shall be listed separately." 3 In a separate schedule classify by states in which the real estate owned is located the total amounts in support of columns E and F. 4 "In a footnote to this schedule, furnish a reconciliation, in the following form, of the total amount at which real estate was carried at the beginning of the period with the total amount shown in column E: Balance at beginning of period ............................................................................................................ $ Additions during period: Acquisitions through foreclosure ..................................................... $ Other acquisitions ......................................................................... Improvements, etc. ........................................................................ Other (describe) ................................................................................. Deductions during period: Cost of real estate sold ................................................................... $ Other (describe) ............................................................................. Balance at close of period .................................................................................................................... $ If additions, except acquisitions through foreclosure, represent other than cash expenditures, explain. If any of the changes during the period result from transactions, directly or indirectly, with affiliates, explain and state the amount of any intercompany gain or loss." 5 "If any item of real estate investments has been written down or reserved against pursuant to § 210.6-03(d), describe the item and explain the basis for the write-down or reserve." 6 State in a footnote to column E the aggregate cost for Federal income tax purposes. 7 The amount of all intercompany profits included in the total of column E shall be stated if material. 8 Summarize the aggregate amounts for each column applicable to § 210.6-06(1) and 6-06(5)(a). \[16 FR 348, Jan. 13, 1951, as amended at 16 FR 2655, Mar. 24, 1951. Redesignated at 45 FR 63679, Sept. 25, 1980; 83 FR 50208, Oct. 4, 2018\] ##### [235-946-S99-2](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:7279d85ad7908049bf36ea904a73d99ea39ac480758cc554bac56a8244aed689 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-25, Supplementary Profit and Loss Information (17 CFR 210.12-25). - ![](https://asc.understandingaccounting.org/asc-img/GUID-EA980EF9-5DB7-479F-9436-E06AC08CF593-low.gif) Reg. § 210.12-25 Supplementary Profit and Loss Information Column A Column B Column C Column D Item1 Charged to investment expense " Charged to other accounts" Total "(1) Amount" "(2) Amount" 1. "Legal expenses (including those in connection with any matter, measure or proceeding before legislative bodies,officers or government departments)" ……………… ………… …………. ………………………… 2. Advertising publicity .................... ............. .............. .................................. 3. Sales promotion2 .................... ............. ............... ................................... 4. "Payments directly and indirectly to trade associations and service organizations, and contributions to other organization" ………………. ………... …………... …………………………. 1 Amounts resulting from transactions with affiliates shall be stated separately. 2 State separately each category of expense representing more than 5 percent of the total expense shown under this item. ##### [235-946-S99-3](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:32fe3753a815a3185efbb182f72c23b1ab3b17bf3a72c8c72f9e38c1bff994d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-26, Certificate Reserves (17 CFR 210.12-26). - ![](https://asc.understandingaccounting.org/asc-img/GUID-2E197297-C957-4E22-8028-4EB24862612D-low.gif) Reg. § 210.12-26 Certificate Reserves Column A Column B Column C Column D Column E Balance at beginning of period Additions Deductions Balance at close of period Description1 (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) Number of accounts with security bidders Amount of maturity value Amount of reserves2 Charged to profit and loss or income Reserve payments by certificate holders Charged to other accounts-describe Maturities Cash surrenders prior to maturity "Other— describe" Number of accounts with security holders Amount of maturity value Amount of reserves2 1 "(a) Each series of certificates shall be stated separately. The description shall include the yield to maturity on an annual payment basis. (b) For certificates of the installment type, information required by columns B, D (2) and (3) and E shall be given by age groupings, according to the number of months paid by security holders, grouped to show those upon which 1-12 monthly payments have been made, 13-24 payments, etc." 2 "(a) If the total of the reserves shown in these columns differs from the total of the reserves per the accounts, there should be stated (i) the aggregate difference and (ii) the difference on a $1,000 face-amount certificate basis. (b) There shall be shown by footnote or by supplemental schedule (i) the amounts periodically credited to each class of security holders' accounts from installment payments and (ii) such other amounts poetically credited to accumulate the maturity amount of the certificate. Such information shall be stated on a $1,000 face-amount certificate basis for the term of the certificate." ##### [235-946-S99-4](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:d68051f7684de911d831d66f563fd3f0e46b828c596f0ba35f752eb97c37611f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-27, Qualified Assets on Deposit (17 CFR 210.12-27). - ![](https://asc.understandingaccounting.org/asc-img/GUID-35F2E0D2-5B8F-4F0E-B6A2-5BB3D65F330B-low.gif) Reg. § 210.12-27 Qualified Assets on Deposit1 Column A Column B Column C Column D Column E Column F Name of depositary2 Cash Investments in securities First mortgages and other first liens on real estate Other Total3 1 All money columns shall be totaled. 2 "Classify names of individual depositaries under group headings, such as banks and states." 3 Total of column F shall agree with note required by § 210.6-06(4) as to total amount of qualified Assets on Deposit. \[59 FR 65637, Dec. 20, 1994, as amended at 83 FR 50208, Oct. 4, 2018\]