# ASC 852-20-15: Reorganizations — Quasi-Reorganizations — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/852/20/#15-scope-and-scope-exceptions)

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## ASC 852-20-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/852/20/#15-scope-and-scope-exceptions)

SEC content: no

#### Entities

##### [852-20-15-1](https://asc.understandingaccounting.org/asc/852/20/#852-20-15-1)

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The guidance in this Subtopic applies to all public and nonpublic entities that are corporations.

#### Transactions

##### [852-20-15-2](https://asc.understandingaccounting.org/asc/852/20/#852-20-15-2)

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The guidance in this Subtopic applies only to readjustments in which the current income, or retained earnings or accumulated deficit account, or the income account of future years is relieved of charges that would otherwise be made against it, and is therefore limited to readjustments of the type specified in paragraph [852-20-25-2](https://asc.understandingaccounting.org/asc/852/20/#852-20-25-2).

##### [852-20-15-3](https://asc.understandingaccounting.org/asc/852/20/#852-20-15-3)

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The guidance in this Subtopic does not apply to the following transactions and activities:

1.  a
    
    Quasi-reorganizations involving only deficit reclassifications
    
2.  b
    
    Charges against additional paid-in capital in other types of readjustments such as readjustments for the purpose of correcting erroneous credits made to additional paid-in capital in the past
    
3.  c
    
    Financial reporting for entities that enter and intend to emerge from [Chapter 11](https://asc.understandingaccounting.org/glossary/c/#chapter-11 "A reorganization action, either voluntarily or involuntarily initiated under the provisions of the Bankruptcy Code, that provides for a reorganization of the debt and equity structure of the business and allows the business to continue operations. A debtor may also file a plan of liquidation under Chapter 11.") reorganization, at the time of such reorganization.