# ASC 505-946-50: Equity — Financial Services—Investment Companies — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/505/946/#50-disclosure) 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): 2026-09-10T00:40:54.495Z to 2026-09-10T00:40:54.495Z Record version: sha256:ce6abab8379577b284559164a7bbc0fedc3b56ae0bdfc3fd13b9cbedfa262e78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 505-946-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/505/946/#50-disclosure) SEC content: no #### Net Asset Value per Share ##### [505-946-50-1](https://asc.understandingaccounting.org/asc/505/946/#505-946-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:54.495Z to 2026-09-10T00:40:54.495Z Record version: sha256:d6d4ac95d927c514503cc784948a979a3596a645724a8ec83896f5c29e54eb1a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Net asset value per share](https://asc.understandingaccounting.org/glossary/n/#net-asset-value-per-share "Net asset value per share is the amount of net assets attributable to each share of capital stock (other than senior equity securities, that is, preferred stock) outstanding at the close of the period. It excludes the effects of assuming conversion of outstanding convertible securities, whether or not their conversion would have a diluting effect.") shall be disclosed for each class of shares. #### Capital Share Transactions ##### [505-946-50-2](https://asc.understandingaccounting.org/asc/505/946/#505-946-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:54.495Z to 2026-09-10T00:40:54.495Z Record version: sha256:8fad3660ffc008841902960953144b1b1c0346fe635ef394ecdf835f320bd157 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The net change in net assets (excluding amounts shown separately if equalization accounting is used) arising from capital share transactions shall be disclosed for each class of shares. All of the following components of the change shall be disclosed on the face of the statement or in the notes to financial statements for each class of shares: 1. a The number and value of shares sold 2. b The number and value of shares issued in reinvestment of distributions 3. c The number and cost of shares reacquired 4. d The net change. #### Capital Contributions ##### [505-946-50-3](https://asc.understandingaccounting.org/asc/505/946/#505-946-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:54.495Z to 2026-09-10T00:40:54.495Z Record version: sha256:39802155c0ff9b1caf8ade96d2b0a64046f6fa3b3a5b8783c7d60031a8a8a7f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Net assets at the beginning of the year and at the end of the year shall be disclosed. The balance of net assets at the end of the year shall agree with the comparable amount shown in the statement of assets and liabilities or in the statement of net assets. #### Multiple-Class Funds ##### [505-946-50-4](https://asc.understandingaccounting.org/asc/505/946/#505-946-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:54.495Z to 2026-09-10T00:40:54.495Z Record version: sha256:5c7af31300c05a953411618501b8df9b4eb148d3a6b78d503abd58b0bf18951b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For financial reporting purposes, a [return of capital](https://asc.understandingaccounting.org/glossary/r/#return-of-capital "Distributions by investment companies in excess of tax-basis earnings and profits.") is not determined at the class level and distributable earnings is disclosed only at the fund level. #### Dividends Paid ##### [505-946-50-5](https://asc.understandingaccounting.org/asc/505/946/#505-946-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:54.495Z to 2026-09-10T00:40:54.495Z Record version: sha256:1dd3d693ca3178508c6cedb42cc216bf26b738ccd50f1d01f2e5d90b9cf07e79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. All of the following tax-basis components of dividends paid shall be disclosed in the notes: 1. a Ordinary income distributions 2. b Long-term capital gains distributions 3. c Return of capital distributions. #### Difference Between Net Investment Income and Net Realized Gain and Actual Distributions ##### [505-946-50-6](https://asc.understandingaccounting.org/asc/505/946/#505-946-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:54.495Z to 2026-09-10T00:40:54.495Z Record version: sha256:8d42c4829b9abede94eb052df8e15346f85ac9d1aaeea7467307bf2dd08ae964 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The primary reasons for any significant difference between total net investment income determined in accordance with generally accepted accounting principles (GAAP) and net realized gain and actual distributions shall be disclosed in the notes to financial statements.