{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/852/20/#sec-55-implementation-guidance-and-illustrations","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":"852","topic_title":"Reorganizations","subtopic":"852-20","subtopic_title":"Quasi-Reorganizations","section":{"number":"S55","label":"SEC 55 Implementation Guidance and Illustrations","anchor":"sec-55-implementation-guidance-and-illustrations","is_sec":true,"groups":[{"block":null,"heading":"Quasi-Reorganization","paragraphs":[{"citation":"852-20-S55-1","para":"S55-1","html":"See paragraph 852-20-S99-2, SAB Topic 5.S, Question 1, for SEC Staff views on reclassifying accumulated deficit without satisfying the conditions in CFRR 210 for reorganization. See paragraph 852-20-S99-2, SAB Topic 5.S, Question 2, for SEC Staff views on implementing an accounting change in conjunction with a quasi-reorganization. See paragraph 852-20-S99-2, SAB Topic 5.S, Question 3, for SEC Staff views on writing up assets in conjunction with a quasi-reorganization. See paragraph 852-20-S99-2, SAB Topic 5.S, Question 4, for SEC Staff views on accounting for the subsequent recognition of tax benefits that existed at the date of a quasi-reorganization. See paragraph 852-20-S99-2, SAB Topic 5.S, Question 5, for SEC Staff views on undoing a previous quasi-reorganization.