Accounting Standard Clarification from the FASB.

The FASB issued a proposed Accounting Standards Update (ASU) that would clarify the interaction between the accounting standard on recognition and measurement of financial instruments and the accounting standard on equity method investments.

In 2016, the FASB issued ASU No. 2016-01, Financial Instruments--Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which added Topic 321, Investments--Equity Securities, and made targeted improvements to address certain aspects of accounting for financial instruments, One of those improvements provided a company with the ability to measure certain equity securities without a readily determinable fair value at cost, minus impairment, if any, unless an observable transaction for an...