{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/505/60/#15-scope-and-scope-exceptions","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":"505","topic_title":"Equity","subtopic":"505-60","subtopic_title":"Spinoffs and Reverse Spinoffs","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Entities","paragraphs":[{"citation":"505-60-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to all entities, unless more specific guidance is provided in other Topics.</div></div>","snippet":"The guidance in this Subtopic applies to all entities, unless more specific guidance is provided in other 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established by retrieval timestamps","source_key":"1943274/2147481483","source_sha256":"9f86fe986f53031e9256f3604c26587cab8f3a3fdb28175dde338ea540d0e342"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"505-60-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_00CD739A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The guidance in this Subtopic applies to all transactions involving the distribution of nonmonetary assets that constitute a <a href=\"/glossary/b/#business\" class=\"term\" title=\"Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.\"><span>business</span></a> to owners of an entity. </span></span></div></div>","snippet":"The guidance in this Subtopic applies to all transactions involving the distribution of nonmonetary assets that constitute a business to owners of an entity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d7bc94e2867a063d48bc66adaef13fc900a38c6950299f78ebaa9f98699d6d3","downloaded_from":"2026-09-10T00:39:23.278Z","last_downloaded_at":"2026-09-10T00:39:23.278Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481483","source_sha256":"9f86fe986f53031e9256f3604c26587cab8f3a3fdb28175dde338ea540d0e342"}},{"citation":"505-60-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic does not apply to distributions of nonmonetary assets that do not constitute a business.</div></div>","snippet":"The guidance in this Subtopic does not apply to distributions of nonmonetary assets that do not constitute a 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