Accounting Standards Update · 2010

ASU 2010-01 — Equity (Topic 505)

The amendments in this Update clarify that the stock portion of a distribution to shareholders that allows them to elect to receive cash or stock with a potential limitation on the total amount of cash that all shareholders can elect to receive in the aggregate is considered a share issuance that is reflected in EPS prospectively and is not a stock dividend for purposes of applying Topics 505 and 260 (Equity and Earnings Per Share).

Accounting Standards Update No. 2010-01 (PDF)

Issued: January 5, 2010

Text as published in the FASB Accounting Standards Codification, Basic View.