# ASC 810-980-45: Consolidation — Regulated Operations — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/980/#45-other-presentation-matters)

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## ASC 810-980-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/810/980/#45-other-presentation-matters)

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#### Affiliated Sales

##### [810-980-45-1](https://asc.understandingaccounting.org/asc/810/980/#810-980-45-1)

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Profit on sales to regulated affiliates shall not be eliminated in general-purpose financial statements if both of the following criteria are met:

1.  a
    
    The sales price is reasonable.
    
2.  b
    
    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.

##### [810-980-45-2](https://asc.understandingaccounting.org/asc/810/980/#810-980-45-2)

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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.