# ASC 323-10-S55: Investments—Equity Method and Joint Ventures — Overall — SEC 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/323/10/#sec-55-implementation-guidance-and-illustrations)

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## ASC 323-10-S55: SEC 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/323/10/#sec-55-implementation-guidance-and-illustrations)

SEC content: yes

##### [323-10-S55-1](https://asc.understandingaccounting.org/asc/323/10/#323-10-S55-1)

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[Paragraph superseded by Accounting Standards Update No. 2010-04](https://asc.understandingaccounting.org/updates/asu-2010-04/).

#### Undistributed Earnings of 50 Percent or Less Owned Persons

##### [323-10-S55-2](https://asc.understandingaccounting.org/asc/323/10/#323-10-S55-2)

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See paragraph [323-10-S99-1](https://asc.understandingaccounting.org/asc/323/10/#323-10-S99-1), SAB Topic 6.K.3, for SEC Staff views on determining whether footnote disclosure is required about undistributed earnings of 50 percent or less owned persons.

#### Summarized Financial Statement Requirements for Unconsolidated Subsidiaries and 50 Percent or Less Owned Persons

##### [323-10-S55-3](https://asc.understandingaccounting.org/asc/323/10/#323-10-S55-3)

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See paragraph [323-10-S99-2](https://asc.understandingaccounting.org/asc/323/10/#323-10-S99-2), SAB Topic 6.K.4(b), for SEC Staff views on when providing summarized disclosure required by Regulation S-X Rule 4-08(g) is appropriate.