A.8 ASC 350, Intangibles — Goodwill and Other
ASC 350-20
Goodwill Impairment Loss
50-2 For each
goodwill impairment loss recognized, all of the following
information shall be disclosed in the notes to the financial
statements that include the period in which the impairment loss
is recognized:
- A description of the facts and circumstances leading to the impairment
- The amount of the impairment loss and the method of determining the fair value of the associated reporting unit (whether based on quoted market prices, prices of comparable businesses or nonprofit activities, a present value or other valuation technique, or a combination thereof) . . . .
50-3 The quantitative
disclosures about significant unobservable inputs used in fair value
measurements categorized within Level 3 of the fair value hierarchy
required by paragraph 820-10-50-2(bbb) are not required for fair
value measurements related to the financial accounting and reporting
for goodwill after its initial recognition in a business
combination.
Goodwill Impairment Loss
50-6 For each
goodwill impairment loss recognized, the following information
shall be disclosed in the notes to financial statements that
include the period in which the impairment loss is
recognized:
- A description of the facts and circumstances leading to the impairment
- The amount of the impairment loss and the method of determining the fair value of the entity or the reporting unit (whether based on prices of comparable businesses or nonprofit activities, a present value or other valuation technique, or a combination of those methods)
- The caption in the income statement or statement of activities in which the impairment loss is included
- The method of allocating the impairment loss to the individual amortizable units of goodwill.
50-7 The
quantitative disclosures about significant unobservable inputs
used in fair value measurements categorized within Level 3 of
the fair value hierarchy required by paragraph 820-10-50-2(bbb)
are not required for fair value measurements related to the
financial accounting and reporting for goodwill after its
initial recognition in a business combination or an acquisition
by not-for-profit entity.
ASC 350-30
Disclosures Relating to Impairment Losses
50-3 For
each impairment loss recognized related to an intangible asset,
all of the following information shall be disclosed in the notes
to financial statements that include the period in which the
impairment loss is recognized:
- A description of the impaired intangible asset and the facts and circumstances leading to the impairment
- The amount of the impairment loss and the method for determining fair value
- The caption in the income statement or the statement of activities in which the impairment loss is aggregated
- If applicable, the segment in which the impaired intangible asset is reported under Topic 280.
50-3A A nonpublic
entity is not required to disclose the quantitative information
about significant unobservable inputs used in fair value
measurements categorized within Level 3 of the fair value
hierarchy required by paragraph 820-10-50-2(bbb) that relate to
the financial accounting and reporting for an indefinite-lived
intangible asset after its initial recognition.
ASC 350-60
Pending Content (Transition Guidance: ASC
350-60-65-1)
50-1 At interim and annual
reporting periods, an entity shall disclose the
following for each significant (as determined by
the fair value) crypto asset holding:
- Name of the crypto asset
- Cost basis
- Fair value
- Number of units held.
An entity shall disclose the aggregated cost
bases and fair values of the crypto asset holdings
that are not individually significant.
50-6 For interim and annual
reporting periods, an entity shall disclose the
following information for crypto assets subject to
contractual sale restrictions at the balance sheet
date:
- The fair value of the crypto assets that are subject to contractual sale restrictions
- The nature and remaining duration of the restriction(s)
- Circumstances that could cause the restriction(s) to lapse.