# ASC 946-20-55: Financial Services—Investment Companies — Investment Company Activities — 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/946/20/#55-implementation-guidance-and-illustrations)

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## ASC 946-20-55: 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/946/20/#55-implementation-guidance-and-illustrations)

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#### Illustrations

##### [946-20-55-1](https://asc.understandingaccounting.org/asc/946/20/#946-20-55-1)

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This Example illustrates application of the guidance in paragraph [946-20-50-2](https://asc.understandingaccounting.org/asc/946/20/#946-20-50-2). An entity might disclose the following.

-   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%.