# ASC 323-30-S55: Investments—Equity Method and Joint Ventures — Partnerships, Joint Ventures, and Limited Liability Entities — SEC 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/323/30/#sec-55-implementation-guidance-and-illustrations)

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): 2026-09-09T23:41:02.617Z to 2026-09-09T23:41:02.617Z

Record version: sha256:d8b85e0b6d5a2edd356444af3b03c5fbe6b8cc2f4e8ac6d00442acbc19def663

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 323-30-S55: SEC 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/323/30/#sec-55-implementation-guidance-and-illustrations)

SEC content: yes

#### Accounting for Limited Partnership Investments

##### [323-30-S55-1](https://asc.understandingaccounting.org/asc/323/30/#323-30-S55-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:41:02.617Z to 2026-09-09T23:41:02.617Z

Record version: sha256:50e260cf365416bd31a2abe71f551878064f2fbc136112783dfccbdc93a252d2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


See paragraph [323-30-S99-1](https://asc.understandingaccounting.org/asc/323/30/#323-30-S99-1), SEC Staff Announcement: Accounting for Limited Partnership Investments, for SEC Staff views on when a limited partner may have "so minor" an interest that the equity method would not be required.