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Scope of this reference
Inspect the standard and the scope used in the teaching material. The verification date describes the stored review.
- Authority
- Financial Accounting Standards Board
- Standard
- ASC Topic 505
- Version
- Codification content as verified 2026-08-08
- Where it applies
- United States GAAP
- Entities covered
- Nongovernmental entities applying US GAAP; instrument classification, legal authority, class rights, declaration, original-issue records, and entity policy evaluated first
- Last source check recorded
- Aug 8, 2026
- Status recorded at review
- current
- Effective from
- Not specified in this record
Inspect the source: FASB ASC Topic 505, Equity
Check the applicable effective dates and later amendments in the source before applying this reference.
Concepts using this reference (20)
- Additional paid-in capital
- Cash dividend
- Common stock
- Issued shares
- Liquidating dividend
- Multiple-security issuance
- Outstanding shares
- Par or stated value
- Participating preferred stock
- Preferred dividend arrearage
- Preferred stock
- Property dividend
- Retained earnings restriction
- Share capital authorization
- Share issuance cost
- Share retirement
- Shareholders' equity rollforward
- Stock dividend
- Stock split
- Treasury stock
Instructional scope
This record supports an ACC 301 sequence from the instrument and share-register boundary through common and preferred issuance, multiple-security allocation, treasury-share holding and retirement, cash and noncash distributions, stock dividends and splits, restrictions, component rollforwards, presentation, and disclosure.
Standards clock
ASU 2026-01 is issued but not generally effective as of the version date. It becomes effective for annual periods beginning after December 15, 2026, including interim periods, unless early adopted. Its stated-rate initial- measurement requirement for in-scope PIK preferred dividends remains in a separate pending lane and does not change recognition timing.
Limitations
The record does not establish corporate-law validity, lawful distribution capacity, charter rights, instrument classification under Topics 480 or 815, SEC temporary-equity presentation, fair value, board authority, or missing original-issue facts.