# ASC 505-60-15: Equity — Spinoffs and Reverse Spinoffs — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/505/60/#15-scope-and-scope-exceptions)

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## ASC 505-60-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/505/60/#15-scope-and-scope-exceptions)

SEC content: no

#### Entities

##### [505-60-15-1](https://asc.understandingaccounting.org/asc/505/60/#505-60-15-1)

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The guidance in this Subtopic applies to all entities, unless more specific guidance is provided in other Topics.

#### Transactions

##### [505-60-15-2](https://asc.understandingaccounting.org/asc/505/60/#505-60-15-2)

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The guidance in this Subtopic applies to all transactions involving the distribution of nonmonetary assets that constitute a [business](https://asc.understandingaccounting.org/glossary/b/#business "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.") to owners of an entity.

##### [505-60-15-3](https://asc.understandingaccounting.org/asc/505/60/#505-60-15-3)

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The guidance in this Subtopic does not apply to distributions of nonmonetary assets that do not constitute a business.