# ASC 321-958: Investments—Equity Securities — Not-for-Profit Entities Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/321/958/) 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): 2026-09-09T23:39:19.084Z to 2026-09-09T23:39:42.812Z Record version: sha256:d89b85afe3b7ba0be113734626156fef548e48eaa689564335129f5b061dc622 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958: Investments—Equity Securities — Not-for-Profit Entities ### Machine-generated study aids ```json { "summary": "This subtopic (codified as 958-321) sets the incremental rules for how not-for-profit entities account for investments in equity securities and other ownership interests, layering on top of the general guidance in Topic 321. Equity securities purchased are initially measured at acquisition cost excluding brokerage and transaction fees; those received as contributions or through agency transactions are initially measured at fair value, with subsequent measurement following Topic 321. Investments held by an NFP as agent with little or no discretion over use of the income and gains are reported as agency transactions—changes in assets and liabilities, not changes in net assets.", "key_points": [ "The measurement guidance in Section 958-321-35 applies to all investments in equity securities and other ownership interests, including partnerships, unincorporated joint ventures, and LLCs, as if those interests were equity securities (958-321-15-2).", "Excluded from the Subtopic are equity-method investments and consolidated subsidiaries under 958-810, derivative instruments under Topic 815, short sales of securities, and investments held by a financially interrelated entity (958-321-15-4).", "An entity shall not look through the form of its investment to the nature of the securities held by the investee—a limited partnership interest meeting the definition of an equity security is an equity security even if the partnership holds mostly debt securities (958-321-15-6).", "An equity security acquired by contribution is recognized as an asset and as revenue or gain in the period received (958-321-25-1, referencing 958-605-25-2).", "An equity security is initially measured at acquisition cost excluding brokerage and other transaction fees if purchased, and at fair value if received as a contribution or through an agency transaction (958-321-30-1).", "When an NFP holds an investment as agent with little or no discretion over how income and gains will be used, the acquisition and subsequent investment activities are reported as agency transactions—asset and liability changes rather than changes in net assets (958-321-25-2; 958-321-35-2).", "Equity security excludes convertible debt, mandatorily or investor-redeemable preferred stock, written equity options, and cash-settled options on equity securities or equity-based indexes (958-321-55-1); disclosures follow Sections 958-320-50 and 321-10-50 except paragraph 321-10-50-4 (958-321-50-1 through 50-2)." ], "categories": [ "Not-for-profit", "Initial measurement", "Financial instruments", "Disclosure" ], "audience_level": "intermediate", "student_note": "Exam traps here are the two-track initial measurement rule (cost for purchases, fair value for contributions) and the agency-transaction exception, which keeps investment income out of the statement of activities entirely. Students often wrongly \"look through\" a partnership interest to the underlying debt securities—958-321-15-6 forbids that.", "related_topics": [ "321-10", "958-320", "958-810", "958-605", "958-20", "815-15" ], "key_concepts": [ "equity security", "not-for-profit investments", "agency transaction", "contributed securities", "acquisition cost", "other ownership interests", "no look-through principle", "changes in net assets" ] } ``` Source downloaded (UTC): 2026-09-09T23:39:19.084Z to 2026-09-09T23:39:19.084Z Record version: sha256:f3efd6f6ca407621cccc8bc5c6bfe93b13a163c7b1cea77ecd56b9bed81bf2f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/321/958/#00-status) SEC content: no ##### [321-958-00-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:19.084Z to 2026-09-09T23:39:19.084Z Record version: sha256:a4d46530ac9c13a1254c531910823fed13696e45b482bbf067e0ebeec1b43bd7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Donor-Imposed RestrictionAddedAccounting Standards Update No. 2016-1408/18/2016
Equity Security (1st def.)AddedAccounting Standards Update No. 2016-0101/05/2016
Financially Interrelated EntitiesAddedAccounting Standards Update No. 2016-0101/05/2016
Net AssetsAmendedAccounting Standards Update No. 2016-1408/18/2016
Net AssetsAddedAccounting Standards Update No. 2016-0101/05/2016
Net Assets with Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets without Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Not-for-Profit EntityAddedAccounting Standards Update No. 2016-0101/05/2016
Permanently Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Permanently Restricted Net AssetsAddedAccounting Standards Update No. 2016-0101/05/2016
Temporarily Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Temporarily Restricted Net AssetsAddedAccounting Standards Update No. 2016-0101/05/2016
Unrestricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted Net AssetsAddedAccounting Standards Update No. 2016-0101/05/2016
958-321-05-1AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-05-2AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-15-1 through 15-7
AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-25-1AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-25-2AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-30-1AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-35-1AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-35-2AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-50-1AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-50-2AmendedMaintenance Update 2018-02 (PDF)02/02/2018
958-321-50-2AmendedAccounting Standards Update No. 2016-1408/18/2016
958-321-50-2AddedAccounting Standards Update No. 2016-0101/05/2016
958-321-55-1AddedAccounting Standards Update No. 2016-0101/05/2016
Source downloaded (UTC): 2026-09-09T23:39:21.152Z to 2026-09-09T23:39:21.152Z Record version: sha256:6806cb80702a1176679003f4f90e865e915dbb3fe656c715be091ca1dc37cd14 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/321/958/#05-overview-and-background) SEC content: no ##### [321-958-05-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:21.152Z to 2026-09-09T23:39:21.152Z Record version: sha256:fcdb9f7b99341d7a42f579a830bc27401209734e062d15e75ceb32914efb374e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Not-for-Profit Entities Topic contains several Subtopics for investments held by [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFPs) because the guidance differs by form of the investment. The Subtopics are: 1. a Financially Interrelated Entities 2. b Investments—Debt Securities 3. c Investments—Equity Securities 4. d Investments—Other 5. e Consolidation. ##### [321-958-05-2](https://asc.understandingaccounting.org/asc/321/958/#321-958-05-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:21.152Z to 2026-09-09T23:39:21.152Z Record version: sha256:c14db6ddf67a53d6f60893357ff6bcf0e11864cb42f804871240cc26c8ca454e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic establishes incremental standards of financial accounting and reporting for investments in [equity securities](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor.") held by NFPs. Topic 321 establishes standards of financial accounting and reporting for investments in equity securities and other ownership interests in an entity. Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:04d4cbe60a9ef2b62273f6076e44fea9b92153fb1d5f8a03c07127fed046ff60 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/321/958/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [321-958-15-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:b461ae6dcf23e8afad05ab990cbe6f65177e2988886e3e6f8dc0d06eeb95bf1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic; see Section 958-10-15, with specific exceptions noted below. #### Instruments ##### [321-958-15-2](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:462e620ccd082783a8d9d71b1882e6e68ef821c3816ad8da380fc835311d3308 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The measurement guidance in Section 958-321-35 applies to all investments in [equity securities](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor.") and other ownership interests in an entity, including investments in partnerships, unincorporated joint ventures, and limited liability companies as if those other ownership interests are equity securities. ##### [321-958-15-3](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:9d179327c5824c8631140f819739ee0d1d70423fd3c47735b21ada1c26c01ac3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The reporting guidance in Sections 958-220-45 and 958-320-50 applies to all investments held by [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFPs), except those described in paragraph [958-321-15-4](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-4). ##### [321-958-15-4](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:3d902b2f8d7205f60800800f06d0fd64449936a3c0185f2c31b83bbab18fc565 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic does not apply to any of the following: 1. a An investment in equity securities that the investor accounts for under the equity method in accordance with paragraph [958-810-15-4](https://asc.understandingaccounting.org/asc/810/958/#810-958-15-4). 2. b An investment in a subsidiary that the investor consolidates in accordance with paragraph [958-810-15-4](https://asc.understandingaccounting.org/asc/810/958/#810-958-15-4) or [958-810-25-2 through 25-4](https://asc.understandingaccounting.org/asc/810/958/#810-958-25-2) . 3. c An investment in a derivative instrument that is subject to the requirements of Topic 815. That is, an investment in an option on securities shall be accounted for under the requirements of Subtopic 815-10 if the option meets the definition of a derivative instrument, including the criteria for net settlement in paragraph [815-10-15-99](https://asc.understandingaccounting.org/asc/815/10/#815-10-15-99). 4. d Short sales of securities (sales of securities that the seller does not own at the time of sale), because they are obligations to deliver securities, not investments. Short-sale obligations are addressed in the guidance for certain industries (see paragraph [940-320-35-1](https://asc.understandingaccounting.org/asc/320/940/#320-940-35-1) with respect to broker-dealers and paragraph [942-405-35-1](https://asc.understandingaccounting.org/asc/405/942/#405-942-35-1) with respect to depository institutions). For guidance on evaluating whether a short-sale transaction involves a derivative instrument, see paragraph [815-10-55-57](https://asc.understandingaccounting.org/asc/815/10/#815-10-55-57). 5. e Investments held by a [financially interrelated entity](https://asc.understandingaccounting.org/glossary/f/#financially-interrelated-entities "A recipient entity and a specified beneficiary are financially interrelated entities if the relationship between them has both of the following characteristics: One of the entities has the ability to influence the operating and financial decisions of the other. One of the entities has an ongoing economic interest in the net assets of the other."). See Subtopic 958-20 for reporting interests in the [net assets](https://asc.understandingaccounting.org/glossary/n/#net-assets "The excess or deficiency of assets over liabilities of a not-for-profit entity, which is divided into two mutually exclusive classes according to the existence or absence of donor-imposed restrictions. See Net Assets with Donor Restrictions and Net Assets without Donor Restrictions.") of a financially interrelated entity. ##### [321-958-15-5](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:84fe3dae35284b88f665058f9d278ea65bd84fb93f226bceff7f2f8edef07d7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an investment otherwise would be in the scope of this Subtopic and it has within it an embedded derivative that is subject to the requirements of Topic 815, the host contract (as described in paragraph [815-15-05-1](https://asc.understandingaccounting.org/asc/815/15/#815-15-05-1)) remains within the scope of this Subtopic. ##### [321-958-15-6](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:f04ef3aa6341f48ee5ef0926f8b19dd7524386c7c08c01c095cf2e21671e0308 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In determining whether an instrument is within the scope of this Subtopic, an entity shall not look through the form of its investment to the nature of the securities held by an investee. For example, an entity invests in a limited partnership interest (or a venture capital entity) that meets the definition of an equity security. However, substantially all of the partnership's assets consist of investments in debt securities. In the specific situation described, the investment would be considered an equity security. #### Other Considerations ##### [321-958-15-7](https://asc.understandingaccounting.org/asc/321/958/#321-958-15-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:24.310Z to 2026-09-09T23:39:24.310Z Record version: sha256:f5a1de803f66a9e4e0a28ac7e8087029e416e0ec5055aa2df95b6c075ed578f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not specify methods to be used for measuring the amount of dividend income. Source downloaded (UTC): 2026-09-09T23:39:31.411Z to 2026-09-09T23:39:31.411Z Record version: sha256:c5c120af56161bba381f3843076c09d064df7a3bd5b52bbfe50234e8f4ac1712 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/321/958/#25-recognition) SEC content: no ##### [321-958-25-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-25-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:31.411Z to 2026-09-09T23:39:31.411Z Record version: sha256:2990bfa01d60be58b2db637090d2e545891fa6cbe82bc4fec064232522a9d1ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In accordance with paragraph [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2), if an [equity security](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor.") is acquired by contribution, it shall be recognized as an asset and as a revenue or gain in the period received. ##### [321-958-25-2](https://asc.understandingaccounting.org/asc/321/958/#321-958-25-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:31.411Z to 2026-09-09T23:39:31.411Z Record version: sha256:110f6731ab0b058c7823a093f74e45e3fd2ce17f804c2994e4805f3a8290129a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) is holding an investment as an agent and has little or no discretion in determining how the investment income, unrealized gains and losses, and realized gains and losses resulting from that investment will be used, the investment's acquisition shall be reported as an agency transaction. That is, the NFP agent recognizes the acquisition as an asset and a liability rather than as a change in net assets. Source downloaded (UTC): 2026-09-09T23:39:33.242Z to 2026-09-09T23:39:33.242Z Record version: sha256:c4c515ebf3ccc2c5ee9fa83946888db7209758fe7e5a9d00c7f14b3e2a8e2648 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/321/958/#30-initial-measurement) SEC content: no ##### [321-958-30-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-30-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:33.242Z to 2026-09-09T23:39:33.242Z Record version: sha256:9898acabf7a6253f6ec991971b145db7c34f61403365e4dd7a9830889fb4c617 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An [equity security](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor.") shall be initially measured at its acquisition cost (excluding brokerage and other transaction fees) if it is purchased. It shall be initially measured at fair value if it is received as a contribution or through an agency transaction. Source downloaded (UTC): 2026-09-09T23:39:36.039Z to 2026-09-09T23:39:36.039Z Record version: sha256:cdb7ffaa7419b4c62d3c5f92f6a11de8e47e5ba0a955f5443baa69e58fa91a44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/321/958/#35-subsequent-measurement) SEC content: no ##### [321-958-35-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-35-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:36.039Z to 2026-09-09T23:39:36.039Z Record version: sha256:c1859658d1aebbf8a6eaba50679758eb148b06f9ef504d2438a6c215c7d1689d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Topic 321 provides guidance in subsequent measurement of [equity securities](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor."). #### Investments Held as an Agent ##### [321-958-35-2](https://asc.understandingaccounting.org/asc/321/958/#321-958-35-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:36.039Z to 2026-09-09T23:39:36.039Z Record version: sha256:e5586a9c3d0e87ebd7e0d6f4812d301ed23085ee6b88a01439d1a2d6c43c949f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) is holding an investment as an agent and has little or no discretion in determining how the investment income, unrealized gains and losses, and realized gains and losses resulting from that investment will be used, those investment activities shall be reported as agency transactions and, therefore, as changes in assets and liabilities, rather than as changes in net assets. Source downloaded (UTC): 2026-09-09T23:39:38.918Z to 2026-09-09T23:39:38.918Z Record version: sha256:ea2704d6cd347063154879281a71895e4dd4d47b0f0d32351cd0247dfe153bd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/321/958/#50-disclosure) SEC content: no ##### [321-958-50-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:38.918Z to 2026-09-09T23:39:38.918Z Record version: sha256:a2162b18296b5f07dee81115ce50ac7e998cf66773ad66364c8c5178179b591e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure guidance in Section 958-320-50 applies to investments in [equity securities](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor.") and investment return generated by equity securities held by [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFPs). ##### [321-958-50-2](https://asc.understandingaccounting.org/asc/321/958/#321-958-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:38.918Z to 2026-09-09T23:39:38.918Z Record version: sha256:378df3b481782c3838d41aac3d587e9424d38275b5834ad616c179e1d3bce9c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure guidance in Section 321-10-50, except for paragraph [321-10-50-4](https://asc.understandingaccounting.org/asc/321/10/#321-10-50-4), applies to investments in equity securities held by NFPs. Source downloaded (UTC): 2026-09-09T23:39:42.812Z to 2026-09-09T23:39:42.812Z Record version: sha256:58095f1a361ed43e1502ba8eda648416cd1ad8e2cf379594d5a6d28151c656c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 321-958-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/321/958/#55-implementation-guidance-and-illustrations) SEC content: no #### Implementation Guidance ##### [321-958-55-1](https://asc.understandingaccounting.org/asc/321/958/#321-958-55-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:39:42.812Z to 2026-09-09T23:39:42.812Z Record version: sha256:229ab9080feec746bef6b4cd30d98b07baeae1b5a5cbbf180aa9831d54d95aa3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The term [equity security](https://asc.understandingaccounting.org/glossary/e/#equity-security "Any security representing an ownership interest in an entity (for example, common, preferred, or other capital stock) or the right to acquire (for example, warrants, rights, forward purchase contracts, and call options) or dispose of (for example, put options and forward sale contracts) an ownership interest in an entity at fixed or determinable prices. The term equity security does not include any of the following: Written equity options (because they represent obligations of the writer, not investments) Cash-settled options on equity securities or options on equity-based indexes (because those instruments do not represent ownership interests in an entity) Convertible debt or preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor.") does not include any of the following securities: 1. a Convertible debt 2. b Preferred stock that by its terms either must be redeemed by the issuing entity or is redeemable at the option of the investor 3. c Written equity options because they represent obligations of the writer, not investments 4. d Cash-settled options on equity securities or options on equity-based indexes, because those instruments do not represent ownership interests in an entity.