Heads Up: FASB Clarifies Scope of Decrease-in-Ownership Provisions in ASC 810-10
Volume 17, Issue 3
The attached issue of Heads Up discusses the FASB’s recently released Accounting Standards Update (ASU) No. 2010-02, Accounting and Reporting for Decreases in Ownership of a Subsidiary — a Scope Clarification. The ASU clarifies the scope of the decrease-in-ownership provisions of ASC 810-10 and expands the information an entity is required to disclose upon consolidation of a subsidiary.
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