{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/946/20/#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":"946","topic_title":"Financial Services—Investment Companies","subtopic":"946-20","subtopic_title":"Investment Company Activities","section":{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"946-20-55-1","para":"55-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Example illustrates application of the guidance in paragraph <a href=\"/asc/946/20/#946-20-50-2\" class=\"xref\">946-20-50-2</a>. An entity might disclose the following.<ul class=\"ul simple\" id=\"d3e9401-115833__GUID-C205088B-0E2A-4B3E-888B-2A6F53638E52\"><li class=\"li\" id=\"d3e9401-115833__SL6277664-115833\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_0E34A117-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In 20XX, a.aa% of the fund's total return consists of a voluntary reimbursement by the adviser for a realized investment loss, and another b.bb% consists of a gain on an investment not meeting the fund's investment restrictions. Excluding these items, total return would have been c.cc%. Additionally, the adviser fully reimbursed the fund for a loss on a transaction not meeting the fund's investment guidelines, which otherwise would have reduced total return by d.dd%. </span></span></div></li></ul></div></div>","snippet":"This Example illustrates application of the guidance in paragraph 946-20-50-2. An entity might disclose the following.\nIn 20XX, a.aa% of the fund's total return consists of a voluntary reimbursement by the adviser for a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:938725afdceddf0bd8dc07aa7b687d2ccd654e1f3512147caf63e60aa341dcd3","downloaded_from":"2026-09-10T02:20:00.026Z","last_downloaded_at":"2026-09-10T02:20:00.026Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480957","source_sha256":"d7a73b417e532d30e6974e128b0a7529a9dc0a577f41688fafd1ac9935de69f9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4edb1befccf2074f0a9ab8db2a1acc734e38db649cb803c260407c588d5afecd","downloaded_from":"2026-09-10T02:20:00.026Z","last_downloaded_at":"2026-09-10T02:20:00.026Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480957","source_sha256":"d7a73b417e532d30e6974e128b0a7529a9dc0a577f41688fafd1ac9935de69f9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0052115d52dfc4d6bb4809820996764e4b24ac44dc6b72b8ad997379a9dc0315","downloaded_from":"2026-09-10T02:20:00.026Z","last_downloaded_at":"2026-09-10T02:20:00.026Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480957","source_sha256":"d7a73b417e532d30e6974e128b0a7529a9dc0a577f41688fafd1ac9935de69f9"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0052115d52dfc4d6bb4809820996764e4b24ac44dc6b72b8ad997379a9dc0315","downloaded_from":"2026-09-10T02:20:00.026Z","last_downloaded_at":"2026-09-10T02:20:00.026Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480957","source_sha256":"d7a73b417e532d30e6974e128b0a7529a9dc0a577f41688fafd1ac9935de69f9"}}