Codification page
Page 2147482381
Investments in other agricultural cooperatives shall be accounted for at cost, including allocated equities and retains. For this purpose, cost means the amount of any cash investment and the face amount of all written notices of allocation in the form of per-unit retains, capital equity credits, revolving fund certificates, and certificates of equity.
Investments in cooperatives shall be accounted for at cost, including allocated equities and retains.
For patrons, the retains represent investments in the cooperative. Patrons shall record the per-unit retains at face value.
Text as published in the FASB Accounting Standards Codification, Basic View.