# ASC 805-50-S99: Business Combinations — Related Issues — SEC 99 SEC Materials

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/805/50/#sec-99-sec-materials)

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## ASC 805-50-S99: SEC 99 SEC Materials

[Read section](https://asc.understandingaccounting.org/asc/805/50/#sec-99-sec-materials)

SEC content: yes

### Transactions between Entities under Common Control

#### SEC Staff Guidance

##### [805-50-S99-1](https://asc.understandingaccounting.org/asc/805/50/#805-50-S99-1)

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[Paragraph superseded by Accounting Standards Update No. 2015-08](https://asc.understandingaccounting.org/updates/asu-2015-08/).

##### [805-50-S99-2](https://asc.understandingaccounting.org/asc/805/50/#805-50-S99-2)

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[Paragraph superseded by Accounting Standards Update No. 2015-08](https://asc.understandingaccounting.org/updates/asu-2015-08/).

##### [805-50-S99-3](https://asc.understandingaccounting.org/asc/805/50/#805-50-S99-3)

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[Paragraph superseded by Accounting Standards Update No. 2015-08](https://asc.understandingaccounting.org/updates/asu-2015-08/).

##### [805-50-S99-4](https://asc.understandingaccounting.org/asc/805/50/#805-50-S99-4)

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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.

-   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.