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FASB Clarifies Scope Application of Profits Interest and Similar Awards
March 22, 2024ArticleFASB Clarifies Scope Application of Profits Interest and Similar Awards
March 22, 2024The FASB recently issued ASU 2024-01 (“the ASU”) to clarify the scope application of profits interest and similar awards by adding illustrative guidance in ASC 718, Compensation - Stock Compensation.
The amendments in the ASU apply to all reporting entities that account for profits interest awards as compensation to employees or nonemployees in return for goods or services.
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