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FASB ASC Guide > FASB ASC 974

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 974 (ASC 974) to address topics related to Real Estate Investment Trusts (REITs). Often, the major issues related to REITs are accounting for investments such as those under the equity method and joint ventures. Consolidating entities which are owned is also a relevant topic as this is commonly needed for REITs. Finally, revenue recognition, interest and leases are other significant areas discussed under this code.

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