{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/970/10/#sec-99-sec-materials","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":"970","topic_title":"Real Estate—General","subtopic":"970-10","subtopic_title":"Overall","section":{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"970-10-S99-1","para":"S99-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of SAB Topic 7.C, Schedules of Real Estate and Accumulated Depreciation, and of Mortgage Loans on Real Estate.<ul class=\"ul simple\" id=\"d3e637787-123022__GUID-37A14ABA-3D09-4217-AD97-0898CD916825\"><li class=\"li\" id=\"d3e637787-123022__SL6496645-123022\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_24FC7CE2-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Facts: Whenever investments in real estate or mortgage loans on real estate are significant, the schedules of such items (see Rules 12-28 and 12-29 of Regulation S-X) are required in a prospectus. </span></span></div></li><li class=\"li\" id=\"d3e637787-123022__SL6496646-123022\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_24FC7DF3-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Question: Is such information also required in annual reports to shareholders? </span></span></div></li><li class=\"li\" id=\"d3e637787-123022__SL6496647-123022\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_24FC7F0A-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Interpretive Response: Although Rules 14a-3 and 14c-3 permit the omission of financial statement schedules from annual reports to shareholders, the staff is of the view that the information required by these schedules is of such significance within the real estate industry that the information should be included in the financial statements in the annual report to shareholders. </span></span></div></li></ul></div></div>","snippet":"The following is the text of SAB Topic 7.C, Schedules of Real Estate and Accumulated Depreciation, and of Mortgage Loans on Real Estate.\nFacts: Whenever investments in real estate or mortgage loans on real estate are sig…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0469354bd295a7eafe25e8233d4732310293ef793813173e64cee692b2921f53","downloaded_from":"2026-09-10T02:26:12.373Z","last_downloaded_at":"2026-09-10T02:26:12.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479561","source_sha256":"c073a9be1fd7b8de74e87e395bd3120f9a7dc76a6a24f44400cea8dad406582c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2f824193575284e48c327399f9f60fea4e8fd05859f59c018a206a77b1a4d62","downloaded_from":"2026-09-10T02:26:12.373Z","last_downloaded_at":"2026-09-10T02:26:12.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479561","source_sha256":"c073a9be1fd7b8de74e87e395bd3120f9a7dc76a6a24f44400cea8dad406582c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93380ec5051d4c0190a1fbd6a5f304ea6b19e8945a0382d33f232da5dd7350cf","downloaded_from":"2026-09-10T02:26:12.373Z","last_downloaded_at":"2026-09-10T02:26:12.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479561","source_sha256":"c073a9be1fd7b8de74e87e395bd3120f9a7dc76a6a24f44400cea8dad406582c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93380ec5051d4c0190a1fbd6a5f304ea6b19e8945a0382d33f232da5dd7350cf","downloaded_from":"2026-09-10T02:26:12.373Z","last_downloaded_at":"2026-09-10T02:26:12.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479561","source_sha256":"c073a9be1fd7b8de74e87e395bd3120f9a7dc76a6a24f44400cea8dad406582c"}}