A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
ASC 321 INVESTMENTS—EQUITY SECURITIES
There may be circumstances where the investor's share of the investment no longer qualifies for the equity method. In applying ASC 321‐10‐35‐2 to the investment retained, if the investor identifies observable price changes in transactions for the same or a similar investment by the same issuer that results in the entity discontinuing the equity method, the entity remeasures the retained investment at fair value once it no longer applies ASC 323. This chapter provides an overview of the subsequent measurement of equity securities. Fair value through current income is ASC 321's default accounting for equity investments not accounted for using the equity method. An entity must follow the impairment guidance in ASC 321 for an investment without readily determinable fair value if: the investment does not qualify for the practical expedient in ASC 820‐10‐35‐59, and the entity uses the ASC 321 measurement exception to measure the investment.
ASC 321 INVESTMENTS—EQUITY SECURITIES
There may be circumstances where the investor's share of the investment no longer qualifies for the equity method. In applying ASC 321‐10‐35‐2 to the investment retained, if the investor identifies observable price changes in transactions for the same or a similar investment by the same issuer that results in the entity discontinuing the equity method, the entity remeasures the retained investment at fair value once it no longer applies ASC 323. This chapter provides an overview of the subsequent measurement of equity securities. Fair value through current income is ASC 321's default accounting for equity investments not accounted for using the equity method. An entity must follow the impairment guidance in ASC 321 for an investment without readily determinable fair value if: the investment does not qualify for the practical expedient in ASC 820‐10‐35‐59, and the entity uses the ASC 321 measurement exception to measure the investment.
ASC 321 INVESTMENTS—EQUITY SECURITIES
Flood, Joanne M. (author)
Wiley GAAP 2021 ; 265-270
2021-03-09
6 pages
Article/Chapter (Book)
Electronic Resource
English
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