# ASC 505-60-S45: Equity — Spinoffs and Reverse Spinoffs — SEC 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/505/60/#sec-45-other-presentation-matters)

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## ASC 505-60-S45: SEC 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/505/60/#sec-45-other-presentation-matters)

SEC content: yes

#### Accounting for the Spinoff of a Subsidiary

##### [505-60-S45-1](https://asc.understandingaccounting.org/asc/505/60/#505-60-S45-1)

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See paragraph [505-60-S99-1](https://asc.understandingaccounting.org/asc/505/60/#505-60-S99-1), SAB Topic 5.Z.7, for SEC Staff views on whether a spinoff transaction can be reflected as a change in the reporting entity.