{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/805/10/#sec-99-sec-materials","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":"805","topic_title":"Business Combinations","subtopic":"805-10","subtopic_title":"Overall","section":{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"805-10-S99-1","para":"S99-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e840d8c047cba3bac63a253aa69dd9a399be005f7e50adacbaa8fb499548f707","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78c9c26343c6fa90a3097c4b615972023ee5152c8bb019204e51f9f52be89263","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}},{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"805-10-S99-2","para":"S99-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of SAB Topic 2.A.8, Business Combinations Prior to an Initial Public Offering.<ul class=\"ul simple\" id=\"d3e341404-122822__GUID-D317109D-3794-4657-98C4-ECC3D3A3A5B6\"><li class=\"li\" id=\"d3e341404-122822__SL6313265-122822\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_78D49C24-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Facts: Two or more businesses combine in a single combination just prior to or contemporaneously with an initial public offering. </span></span></div></li><li class=\"li\" id=\"d3e341404-122822__SL6313266-122822\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_78D49E1B-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Question: Does the guidance in SAB Topic 5.G apply to business combinations entered into just prior to or contemporaneously with an initial public offering? </span></span></div></li><li class=\"li\" id=\"d3e341404-122822__SL6313267-122822\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_78D49FE8-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Interpretive Response: No. The guidance in SAB Topic 5.G is intended to address the transfer, just prior to or contemporaneously with an initial public offering, of nonmonetary assets in exchange for a company's stock. The guidance in SAB Topic 5.G is not intended to modify the requirements of FASB ASC Topic <a altsource=\"GUID-2E207482-2F2C-41D3-ADA4-A53A3509B10F.ditamap\" class=\"ditamap\">805</a>. Accordingly, the staff believes that the combination of two or more businesses should be accounted for in accordance with FASB ASC Topic <a altsource=\"GUID-2E207482-2F2C-41D3-ADA4-A53A3509B10F.ditamap\" class=\"ditamap\">805</a>. </span></span></div></li></ul></div></div>","snippet":"The following is the text of SAB Topic 2.A.8, Business Combinations Prior to an Initial Public Offering.\nFacts: Two or more businesses combine in a single combination just prior to or contemporaneously with an initial pu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a735edb6d71cdb32b18ec7ace6e63e3cd45338a307a3f23e5c4b4e37dfe4c08","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d457a6b40db86c48da8b038107d06a46e2093d00d5c6918415d8b4189d87d98d","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}},{"citation":"805-10-S99-5","para":"S99-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not 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used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a196d916a84b852ff61ce90d3b585a540f5d4ed3be3bfe5ffecf5015a2d43a5","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}},{"citation":"805-10-S99-7","para":"S99-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:327fd1525b6a5c071f8a97435d4a9eacad7931d87ecaf06e2717036ebc4e4f45","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}},{"citation":"805-10-S99-8","para":"S99-8","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of SEC Observer Comment: Accounting by a Joint Venture for Businesses Received at Its Formation.<ul class=\"ul simple\" id=\"d3e341777-122822__GUID-5381D070-A412-4B7E-B04F-474884F0A8D4\"><li class=\"li\" id=\"d3e341777-122822__SL6313269-122822\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_78D4A1EE-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The SEC staff will object to a conclusion that did not result in the application of Topic <a altsource=\"GUID-2E207482-2F2C-41D3-ADA4-A53A3509B10F.ditamap\" class=\"ditamap\">805</a> to transactions in which businesses are contributed to a newly formed, jointly controlled entity if that entity is not a joint venture. The SEC staff also would object to a conclusion that joint control is the only defining characteristic of a joint venture. </span></span></div></li></ul></div></div>","snippet":"The following is the text of SEC Observer Comment: Accounting by a Joint Venture for Businesses Received at Its Formation.\nThe SEC staff will object to a conclusion that did not result in the application of Topic 805 to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eaf64bbfabada53f81837b07dda662470555b702d7f7452b51eba3b7b89a7f87","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93082a31742d7c6891da7d12c3de4922da8ee133bfd15de401627496e230ccfa","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aba86300689bfabd290f27a0dcf79db50ce5e931bdd133d17ae1d873e42daba4","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aba86300689bfabd290f27a0dcf79db50ce5e931bdd133d17ae1d873e42daba4","downloaded_from":"2026-09-10T01:23:02.215Z","last_downloaded_at":"2026-09-10T01:23:02.215Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480110","source_sha256":"84930350b91a016550927ce4292c628e7258db179254938ade6d32c52cfc448e"}}