Accounting Research Tool
Chapter 6 — Attribution of Income, Other Comprehensive Income, and Cumulative Translation Adjustment Balances

6.6 Attribution in Income in the Presence of Reciprocal Interest

6.6 Attribution of Income in the Presence of Reciprocal Interests

ASC 810-10
45-5 Shares of the parent held by a subsidiary shall not be treated as outstanding shares in the consolidated statement of financial position and, therefore, shall be eliminated in the consolidated financial statements and reflected as treasury shares.