# ASC 852-20-50: Reorganizations — Quasi-Reorganizations — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/852/20/#50-disclosure)

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## ASC 852-20-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/852/20/#50-disclosure)

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##### [852-20-50-1](https://asc.understandingaccounting.org/asc/852/20/#852-20-50-1)

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This Section addresses an entity's disclosure requirements for periods following a readjustment within the scope of this Subtopic.

##### [852-20-50-2](https://asc.understandingaccounting.org/asc/852/20/#852-20-50-2)

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After such a readjustment, retained earnings previously accumulated cannot properly be carried forward under that title. A new retained earnings account shall be established, dated to show that it runs from the effective date of the readjustment, and this dating shall be disclosed in financial statements until such time as the effective date is no longer deemed to possess any special significance. The dating of retained earnings following a quasi-reorganization would rarely, if ever, be of significance after a period of 10 years. There may be exceptional circumstances in which the discontinuance of the dating of retained earnings could be justified at the conclusion of a period less than 10 years.