KPMG addresses frequently asked questions on ASC 321 and changes to ASC 825. This latest edition includes updated interpretations on investments in qualified affordable housing projects.
- Companies that hold equity investments
- Companies that have elected the fair value option for financial liabilities
- ASU 2016-01 and ASU 2019-04 are effective in both annual and interim periods for all entities.
- The effective date for ASU 2020-01 is included in the following table.
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