{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/810/980/#45-other-presentation-matters","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":"810","topic_title":"Consolidation","subtopic":"810-980","subtopic_title":"Regulated Operations","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Affiliated Sales","paragraphs":[{"citation":"810-980-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_48CCD406-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Profit on sales to regulated affiliates shall not be eliminated in general-purpose financial statements if both of the following criteria are met: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_48CCD507-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The sales price is reasonable. </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_48CCD5EB-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">It is probable that, through the rate-making process, future revenue approximately equal to the sales price will result from the regulated affiliate's use of the products. </span></span></div></li></ol></div></div>","snippet":"Profit on sales to regulated affiliates shall not be eliminated in general-purpose financial statements if both of the following criteria are met:\n(a) The sales price is reasonable.\n(b) It is probable that, through the r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:413bc1ec9fdaf11af92bd8c3050d59a7f68e728bc6514970bd9f3f6c291d41d8","downloaded_from":"2026-09-10T01:34:31.981Z","last_downloaded_at":"2026-09-10T01:34:31.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478181","source_sha256":"a06cac228bb3191fcf3642de6cb1befc5c03a2bc2f074665317b12e2c981a38c"}},{"citation":"810-980-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_48CCD6B9-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The sales price usually shall be considered reasonable if the price is accepted or not challenged by the regulator that governs the regulated affiliate. Otherwise, reasonableness shall be considered in light of the circumstances. For example, reasonableness might be judged by the return on investment earned by the manufacturing or construction operations or by a comparison of the transfer prices with prices available from other sources. </span></span></div></div>","snippet":"The sales price usually shall be considered reasonable if the price is accepted or not challenged by the regulator that governs the regulated affiliate. Otherwise, reasonableness shall be considered in light of the circu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d75b11d4bdc68ef97616659e8fa93b4190b3527c1956d5f612bbc766bcb1cda","downloaded_from":"2026-09-10T01:34:31.981Z","last_downloaded_at":"2026-09-10T01:34:31.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478181","source_sha256":"a06cac228bb3191fcf3642de6cb1befc5c03a2bc2f074665317b12e2c981a38c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4fd82d92d6cb8438fb9a3781755fe0038b85b36d82a133073a49bffa6d58bd2","downloaded_from":"2026-09-10T01:34:31.981Z","last_downloaded_at":"2026-09-10T01:34:31.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478181","source_sha256":"a06cac228bb3191fcf3642de6cb1befc5c03a2bc2f074665317b12e2c981a38c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d24cfb7f0052edbc681e611c9008f571c3d8b60b5d73134c49957cf0a5d7920b","downloaded_from":"2026-09-10T01:34:31.981Z","last_downloaded_at":"2026-09-10T01:34:31.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478181","source_sha256":"a06cac228bb3191fcf3642de6cb1befc5c03a2bc2f074665317b12e2c981a38c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d24cfb7f0052edbc681e611c9008f571c3d8b60b5d73134c49957cf0a5d7920b","downloaded_from":"2026-09-10T01:34:31.981Z","last_downloaded_at":"2026-09-10T01:34:31.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478181","source_sha256":"a06cac228bb3191fcf3642de6cb1befc5c03a2bc2f074665317b12e2c981a38c"}}