# ASC 323-970-00: Investments—Equity Method and Joint Ventures — Real Estate—General — 00 Status

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/323/970/#00-status)

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): 2026-09-09T23:42:35.809Z to 2026-09-09T23:42:35.809Z

Record version: sha256:474c8dc0afb1820a0d25f18c8576358e4023ad84d19281698236e3d2bfa2f90a

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 323-970-00: 00 Status

[Read section](https://asc.understandingaccounting.org/asc/323/970/#00-status)

SEC content: no

##### [323-970-00-1](https://asc.understandingaccounting.org/asc/323/970/#323-970-00-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:42:35.809Z to 2026-09-09T23:42:35.809Z

Record version: sha256:c15a103d20ebea462f6f61f170df1bc1dae11d8cca3bf8882031c52c5d4500e7

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The following table identifies the changes made to this Subtopic.

<table class="asc-table" id="SL6533747-161864"><tbody><tr><td class="entry"><strong class="ph b">Paragraph</strong></td><td class="entry"><strong class="ph b">Action</strong></td><td class="entry"><strong class="ph b">Accounting Standards Update</strong></td><td class="entry"><strong class="ph b">Date</strong></td></tr><tr><td class="entry"></td><td class="entry"></td><td class="entry"></td><td class="entry"></td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/glossary/c/#corporate-joint-venture" class="term" title="A corporation owned and operated by a small group of entities (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a corporate joint venture frequently is to share risks and rewards in developing a new market, product or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A corporate joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a corporate joint venture. The ownership of a corporate joint venture seldom changes, and its stock is usually not traded publicly. A noncontrolling interest held by public ownership, however, does not preclude a corporation from being a corporate joint venture."><span>Corporate Joint Venture</span></a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2010-08/" class="xref">Accounting Standards Update No. 2010-08</a></td><td class="entry">02/02/2010</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/glossary/k/#kick-out-rights-voting-interest-entity-definition" class="term" title="The rights underlying the limited partner's or partners' ability to dissolve (liquidate) the limited partnership or otherwise remove the general partners without cause."><span>Kick-Out Rights (Voting Interest Entity definition)</span></a></td><td class="entry">Added</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2015-02/" class="xref">Accounting Standards Update No. 2015-02</a></td><td class="entry">02/18/2015</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/glossary/n/#noncontrolling-interest" class="term" title="The portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. A noncontrolling interest is sometimes called a minority interest."><span>Noncontrolling Interest</span></a></td><td class="entry">Added</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"></td><td class="entry"></td><td class="entry"></td><td class="entry"></td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-05-4" class="xref">970-323-05-4</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2025-12/" class="xref">Accounting Standards Update No. 2025-12</a></td><td class="entry">12/17/2025</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-15-2" class="xref">970-323-15-2</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2012-04/" class="xref">Accounting Standards Update No. 2012-04</a></td><td class="entry">10/01/2012</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-5" class="xref">970-323-25-5</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2015-02/" class="xref">Accounting Standards Update No. 2015-02</a></td><td class="entry">02/18/2015</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-6" class="xref">970-323-25-6</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2016-01/" class="xref">Accounting Standards Update No. 2016-01</a></td><td class="entry">01/05/2016</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-7" class="xref">970-323-25-7</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2016-01/" class="xref">Accounting Standards Update No. 2016-01</a></td><td class="entry">01/05/2016</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-8" class="xref">970-323-25-8</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2016-01/" class="xref">Accounting Standards Update No. 2016-01</a></td><td class="entry">01/05/2016</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-8" class="xref">970-323-25-8</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2015-02/" class="xref">Accounting Standards Update No. 2015-02</a></td><td class="entry">02/18/2015</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-8" class="xref">970-323-25-8</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2009-02/" class="xref">Accounting Standards Update No. 2009-02</a></td><td class="entry">07/01/2009</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-11" class="xref">970-323-25-11</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2016-01/" class="xref">Accounting Standards Update No. 2016-01</a></td><td class="entry">01/05/2016</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-25-11" class="xref">970-323-25-11</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2010-08/" class="xref">Accounting Standards Update No. 2010-08</a></td><td class="entry">02/02/2010</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-30-3" class="xref">970-323-30-3</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-30-3" class="xref">970-323-30-3</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-30-4" class="xref">970-323-30-4</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-30-4" class="xref">970-323-30-4</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-30-5" class="xref">970-323-30-5</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-30-6" class="xref">970-323-30-6</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-30-6" class="xref">970-323-30-6</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-35-14" class="xref">970-323-35-14</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-35-15" class="xref">970-323-35-15</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-40-1" class="xref">970-323-40-1</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/asc-pdf/GUID-82C10081-F060-4062-ACF7-B89420B0D27C.pdf" class="pdf-link" target="_blank" rel="noopener">Maintenance Update 2021-02 (PDF)</a></td><td class="entry">01/19/2021</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-40-1" class="xref">970-323-40-1</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2017-05/" class="xref">Accounting Standards Update No. 2017-05</a></td><td class="entry">02/22/2017</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/323/970/#323-970-40-1" class="xref">970-323-40-1</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr></tbody></table>