Summary of Statement No. 129
Disclosure of Information about Capital Structure (Issued 2/97)
Summary
This Statement establishes standards for disclosing information
about an entity's capital structure. It applies to all entities.
This Statement continues the previous requirements to disclose
certain information about an entity's capital structure found in
APB Opinions No. 10, Omnibus Opinion-1966, and No. 15, Earnings per
Share, and FASB Statement No. 47, Disclosure of Long-Term
Obligations, for entities that were subject to the requirements of
those standards. This Statement eliminates the exemption of
nonpublic entities from certain disclosure requirements of Opinion
15 as provided by FASB Statement No. 21, Suspension of the
Reporting of Earnings per Share and Segment Information by
Nonpublic Enterprises. It supersedes specific disclosure
requirements of Opinions 10 and 15 and Statement 47 and
consolidates them in this Statement for ease of retrieval and for
greater visibility to nonpublic entities.
This Statement is effective for financial statements
for periods ending after December 15, 1997. It contains no change
in disclosure requirements for entities that were previously
subject to the requirements of Opinions 10 and 15 and Statement
47.