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6.12 Considerations for private companies
Publication date: 10 Mar 2024
us Financial statement presentation guide
The requirements of ASC 230 apply equally to SEC registrants and private companies.
Figure FSP 6-3 summarizes the presentation and disclosure items discussed in this chapter that are only required for SEC registrants.
Figure FSP 6-3
Presentation and disclosure requirements applicable only to SEC registrants
Presentation and disclosure requirements applicable only to SEC registrants
Description | Reference | Section |
|---|---|---|
Based on the guidance in ASC 210-10-45-4, we believe private companies may present cash and restricted cash together in one caption on the balance sheet, provided: (1) the legally-restricted cash relates to a current asset or liability (for example, a short-term borrowing), and (2) there is disclosure of the restricted amounts in the footnotes. If the restricted cash does not relate to a liability classified as current, it should be a noncurrent asset.
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