{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/805/50/#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":"805-50","subtopic_title":"Related Issues","section":{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":"Transactions between Entities under Common Control","heading":"SEC Staff Guidance","paragraphs":[{"citation":"805-50-S99-1","para":"S99-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_7F7C77E7-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/updates/asu-2015-08/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-08</a>.</span></span></div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-08.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0647f70938d868e02382cbc3ddb16d5361487c6e885d878528042a86514d4770","downloaded_from":"2026-09-10T01:25:42.308Z","last_downloaded_at":"2026-09-10T01:25:42.308Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479997","source_sha256":"278459342f475b3ae1daa86eca3271b3d26fdc5dcb843b26b340e1d48d08e11b"}},{"citation":"805-50-S99-2","para":"S99-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_7F7C78CF-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/updates/asu-2015-08/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-08</a>.</span></span></div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-08.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:519b255100cb05295c93fbf59658240be2b79b0f6edccc4e20eb10b43925a99e","downloaded_from":"2026-09-10T01:25:42.308Z","last_downloaded_at":"2026-09-10T01:25:42.308Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479997","source_sha256":"278459342f475b3ae1daa86eca3271b3d26fdc5dcb843b26b340e1d48d08e11b"}},{"citation":"805-50-S99-3","para":"S99-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_7F7C79A1-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/updates/asu-2015-08/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2015-08</a>.</span></span></div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-08.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ae13890f879df0f10f51d34b11aa3e088a8b819eba44336180137494022cb27","downloaded_from":"2026-09-10T01:25:42.308Z","last_downloaded_at":"2026-09-10T01:25:42.308Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479997","source_sha256":"278459342f475b3ae1daa86eca3271b3d26fdc5dcb843b26b340e1d48d08e11b"}},{"citation":"805-50-S99-4","para":"S99-4","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of the SEC Observer Comment: Measurement of Certain Transfers Between Entities Under Common Control in the Separate Financial Statements of Each Entity.<ul class=\"ul simple\" id=\"SL6233241-161536__GUID-01C4D696-7B9F-4F55-8AFC-B052F6A3138A\"><li class=\"li\" id=\"SL6233241-161536__SL6428364-161536\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_7F7C7A88-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The SEC staff's views on carrying over historical cost to record, in the separate financial statements of each entity, transfers between companies under common control or between a parent and its subsidiary are focused on transfers of net assets (as in a business combination) or long-lived assets. Those views would not normally apply to recurring transactions for which valuation is not in question (such as routine transfers of inventory) in the separate financial statements of each entity that is a party to the transaction.</span></span></div></li></ul></div></div>","snippet":"The following is the text of the SEC Observer Comment: Measurement of Certain Transfers Between Entities Under Common Control in the Separate Financial Statements of Each Entity.\nThe SEC staff's views on carrying over hi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2309d620ff396104df107eae047cfa8b122b3429c0f6192b797e9d97de23d433","downloaded_from":"2026-09-10T01:25:42.308Z","last_downloaded_at":"2026-09-10T01:25:42.308Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479997","source_sha256":"278459342f475b3ae1daa86eca3271b3d26fdc5dcb843b26b340e1d48d08e11b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19b35f4c96a5a9cc5313bce40abf6057a7494764eaf761146fcbbec38f0b6527","downloaded_from":"2026-09-10T01:25:42.308Z","last_downloaded_at":"2026-09-10T01:25:42.308Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479997","source_sha256":"278459342f475b3ae1daa86eca3271b3d26fdc5dcb843b26b340e1d48d08e11b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:300f5b86d66dba329d24310be26eb38fc44c05fb0abec662ef9d30437167f997","downloaded_from":"2026-09-10T01:25:42.308Z","last_downloaded_at":"2026-09-10T01:25:42.308Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479997","source_sha256":"278459342f475b3ae1daa86eca3271b3d26fdc5dcb843b26b340e1d48d08e11b"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:300f5b86d66dba329d24310be26eb38fc44c05fb0abec662ef9d30437167f997","downloaded_from":"2026-09-10T01:25:42.308Z","last_downloaded_at":"2026-09-10T01:25:42.308Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479997","source_sha256":"278459342f475b3ae1daa86eca3271b3d26fdc5dcb843b26b340e1d48d08e11b"}}