# ASC 810-974-05: Consolidation — Real Estate—Real Estate Investment Trusts — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 810-974-05: 05 Overview and Background

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##### [810-974-05-1](https://asc.understandingaccounting.org/asc/810/974/#810-974-05-1)

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This Subtopic addresses measurement issues concerning the treatment of [noncontrolling interest](https://asc.understandingaccounting.org/glossary/n/#noncontrolling-interest "The portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. A noncontrolling interest is sometimes called a minority interest.") in certain [real estate investment trusts](https://asc.understandingaccounting.org/glossary/r/#real-estate-investment-trust "Real estate investment trusts generally are formed as trusts, associations, or corporations. They employ equity capital, coupled with substantial amounts of debt financing, in making real estate loans and investments. Real estate investment trusts must distribute substantially all of their taxable income to their shareholders annually in order to retain their favorable tax status (that is, dividends paid are treated as deductions in arriving at taxable income).").