{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/323/30/#sec-99-sec-materials","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"323","topic_title":"Investments—Equity Method and Joint Ventures","subtopic":"323-30","subtopic_title":"Partnerships, Joint Ventures, and Limited Liability Entities","section":{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"323-30-S99-1","para":"S99-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of SEC Staff Announcement: Accounting for Limited Partnership Investments.<ul class=\"ul simple\" id=\"d3e96679-122720__GUID-F9AB0B0B-F513-4A4E-A83D-3B01CA884AB3\"><li class=\"li\" id=\"d3e96679-122720__SL6383599-122720\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_B11726C0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The SEC staff's position on the application of the equity method to investments in limited partnerships is that investments in all limited partnerships should be accounted for pursuant to paragraph <a href=\"/asc/323/970/#323-970-25-6\" class=\"xref\">970-323-25-6</a>. That guidance requires the use of the equity method unless the investor's interest \"is so minor that the limited partner may have virtually no influence over partnership operating and financial policies.\" The SEC staff understands that practice generally has viewed investments of more than 3 to 5 percent to be more than minor. </span></span></div></li></ul></div></div>","snippet":"The following is the text of SEC Staff Announcement: Accounting for Limited Partnership Investments.\nThe SEC staff's position on the application of the equity method to investments in limited partnerships is that investm…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2108c09e599587101d9a4ed9db85f41c5b1247f7b71c76b34601832c387e9d42","downloaded_from":"2026-09-09T23:41:05.466Z","last_downloaded_at":"2026-09-09T23:41:05.466Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480510","source_sha256":"10e938e3a661c84865835bb747962ccbbc953ab8b85b32947c4873b0432d4b17"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c132bc553ef469bb028cf91cea9644fd319b50b9169b7d12ed5e735e9b39455","downloaded_from":"2026-09-09T23:41:05.466Z","last_downloaded_at":"2026-09-09T23:41:05.466Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480510","source_sha256":"10e938e3a661c84865835bb747962ccbbc953ab8b85b32947c4873b0432d4b17"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8be8ab8a337c97f2a9ed4da1bc4a15aaefcd1138f64b19876ee77f7246cc6d8f","downloaded_from":"2026-09-09T23:41:05.466Z","last_downloaded_at":"2026-09-09T23:41:05.466Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480510","source_sha256":"10e938e3a661c84865835bb747962ccbbc953ab8b85b32947c4873b0432d4b17"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8be8ab8a337c97f2a9ed4da1bc4a15aaefcd1138f64b19876ee77f7246cc6d8f","downloaded_from":"2026-09-09T23:41:05.466Z","last_downloaded_at":"2026-09-09T23:41:05.466Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480510","source_sha256":"10e938e3a661c84865835bb747962ccbbc953ab8b85b32947c4873b0432d4b17"}}