# ASC 323-30-S99: Investments—Equity Method and Joint Ventures — Partnerships, Joint Ventures, and Limited Liability Entities — SEC 99 SEC Materials

Source: FASB Accounting Standards Codification, Basic View

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## ASC 323-30-S99: SEC 99 SEC Materials

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#### SEC Staff Guidance

##### [323-30-S99-1](https://asc.understandingaccounting.org/asc/323/30/#323-30-S99-1)

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The following is the text of SEC Staff Announcement: Accounting for Limited Partnership Investments.

-   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 [970-323-25-6](https://asc.understandingaccounting.org/asc/323/970/#323-970-25-6). 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.