Accounting Standards Update · 2023
ASU 2023-03 — Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock
This Accounting Standards Update amends and supersedes various SEC paragraphs pursuant to the issuance of SEC Staff Accounting Bulletin No. 120 and pursuant to the SEC Staff Announcement at the March 24, 2022 Emerging Issues Task Force meeting. This Update also updates an SEC paragraph to conform to the latest version of SEC Staff Accounting Bulletin Topic 6.B, Accounting Series Release No. 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock.
Issued: July 14, 2023
Text as published in the FASB Accounting Standards Codification, Basic View.