{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/270/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"270","title":"Interim Reporting","area":"Presentation","group":null,"subtopics":[{"number":"270-10","topic":"270","title":"Overall","area":"Presentation","paragraphs":120,"summary":"ASC 270-10 governs how GAAP is applied to interim financial information (monthly, quarterly, or other periods shorter than a year) and what must be disclosed. Its core rule is the \"integral part\" view: each interim period is viewed primarily as an integral part of an annual period, so results generally follow the accounting principles used in the latest annual financial statements, with specified modifications (e.g., inventory, LIFO liquidations, cost allocations, estimated annual effective tax rate). It also sets minimum disclosure requirements for publicly traded companies reporting summarized interim data, which ASU 2025-11 replaces with disclosure requirements keyed to interim financial statements and notes prepared in accordance with GAAP, including condensed statements.","concepts":["interim reporting","integral part of annual period","estimated annual effective tax rate","lifo liquidation at interim date","cost allocation among interim periods","condensed financial statements","seasonality disclosure","minimum interim disclosures"],"categories":["Presentation","Disclosure","Financial statement presentation","Income taxes"],"level":"intermediate","topic_title":"Interim Reporting","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
AcquireeSupersededAccounting Standards Update No. 2025-1112/08/2025
AcquirerSupersededAccounting Standards Update No. 2025-1112/08/2025
AcquirerAmendedAccounting Standards Update No. 2025-0305/12/2025
Acquisition by a Not-for-Profit EntitySupersededAccounting Standards Update No. 2025-1112/08/2025
Acquisition by a Not-for-Profit EntityAddedAccounting Standards Update No. 2010-0701/28/2010
BusinessSupersededAccounting Standards Update No. 2025-1112/08/2025
BusinessAmendedAccounting Standards Update No. 2017-0101/05/2017
Business CombinationSupersededAccounting Standards Update No. 2025-1112/08/2025
Change in the Reporting EntityAddedAccounting Standards Update No. 2023-0610/09/2023
Condensed StatementsAddedAccounting Standards Update No. 2025-1112/08/2025
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Contract AssetSupersededAccounting Standards Update No. 2025-1112/08/2025
Contract AssetAddedAccounting Standards Update No. 2014-0905/28/2014
Contract LiabilitySupersededAccounting Standards Update No. 2025-1112/08/2025
Contract LiabilityAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Financial Asset (1st def.)SupersededAccounting Standards Update No. 2016-1912/14/2016
Financial Asset (1st def.)AddedAccounting Standards Update No. 2016-1306/16/2016
Financial AssetSupersededAccounting Standards Update No. 2025-1112/08/2025
Financial Asset (2nd def. )AddedAccounting Standards Update No. 2016-1912/14/2016
Financing ReceivableSupersededAccounting Standards Update No. 2016-1306/16/2016
Financing ReceivableAddedAccounting Standards Update No. 2010-2007/21/2010
LeaseSupersededAccounting Standards Update No. 2025-1112/08/2025
LeaseAddedAccounting Standards Update No. 2016-0202/25/2016
LesseeSupersededAccounting Standards Update No. 2025-1112/08/2025
LesseeAddedAccounting Standards Update No. 2016-0202/25/2016
LessorSupersededAccounting Standards Update No. 2025-1112/08/2025
LessorAddedAccounting Standards Update No. 2016-0202/25/2016
Net Realizable ValueAddedAccounting Standards Update No. 2015-1107/22/2015
Not-for-Profit EntitySupersededAccounting Standards Update No. 2025-1112/08/2025
Not-for-Profit EntityAddedAccounting Standards Update No. 2010-0701/28/2010
Performance ObligationAddedAccounting Standards Update No. 2014-0905/28/2014
Public Business EntitySupersededAccounting Standards Update No. 2025-1112/08/2025
Public Business EntityAmendedMaintenance Update 2017-06 (PDF)04/07/2017
Public Business EntityAmendedMaintenance Update 2016-11 (PDF)06/27/2016
Public Business EntityAddedAccounting Standards Update No. 2014-0905/28/2014
Publicly Traded Company (1st def.)SupersededAccounting Standards Update No. 2025-1112/08/2025
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
Securities and Exchange Commission RegistrantAddedAccounting Standards Update No. 2025-1112/08/2025
Security (2nd def.)SupersededAccounting Standards Update No. 2025-1112/08/2025
Transaction PriceSupersededAccounting Standards Update No. 2025-1112/08/2025
Transaction PriceAddedAccounting Standards Update No. 2014-0905/28/2014
Underlying AssetSupersededAccounting Standards Update No. 2025-1112/08/2025
Underlying AssetAddedAccounting Standards Update No. 2016-0202/25/2016
Variable Interest EntitySupersededAccounting Standards Update No. 2025-0305/12/2025
270-10-05-1AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-05-2AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-10-1AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-15-2AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-15-3AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-15-4AddedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-1AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-3AmendedAccounting Standards Update No. 2014-0905/28/2014
270-10-45-6AmendedAccounting Standards Update No. 2015-1107/22/2015
270-10-45-8AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-8AmendedAccounting Standards Update No. 2020-1010/29/2020
270-10-45-11AAmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-45-12AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-12AmendedAccounting Standards Update No. 2023-0610/09/2023
270-10-45-12AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-45-14AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-14AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-45-15AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-45-19AmendedAccounting Standards Update No. 2025-1112/08/2025
270-10-45-19AmendedAccounting Standards Update No. 2023-0610/09/2023
270-10-45-19AmendedAccounting Standards Update No. 2014-0905/28/2014
270-10-45-20 through 45-25
AddedAccounting Standards Update No. 2025-1112/08/2025
270-10-50-1 through 50-7
SupersededAccounting Standards Update No. 2025-1112/08/2025
270-10-50-1AmendedAccounting Standards Update No. 2023-0711/27/2023
270-10-50-1AmendedAccounting Standards Update No. 2023-0610/09/2023
270-10-50-1AmendedAccounting Standards Update No. 2022-0203/31/2022
270-10-50-1AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-50-1AmendedAccounting Standards Update No. 2016-1912/14/2016
270-10-50-1AmendedAccounting Standards Update No. 2016-1306/16/2016
270-10-50-1AmendedAccounting Standards Update No. 2016-0101/05/2016
270-10-50-1AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-50-1AmendedAccounting Standards Update No. 2014-0401/17/2014
270-10-50-1AmendedAccounting Standards Update No. 2013-0202/05/2013
270-10-50-1AmendedAccounting Standards Update No. 2011-1112/16/2011
270-10-50-1AmendedAccounting Standards Update No. 2011-0405/12/2011
270-10-50-1AmendedAccounting Standards Update No. 2010-2007/21/2010
270-10-50-1AAmendedAccounting Standards Update No. 2016-2012/21/2016
270-10-50-1AAddedAccounting Standards Update No. 2014-0905/28/2014
270-10-50-1BAddedAccounting Standards Update No. 2020-1010/29/2020
270-10-50-2AmendedMaintenance Update 2017-06 (PDF)04/07/2017
270-10-50-2AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-50-5AmendedAccounting Standards Update No. 2020-1010/29/2020
270-10-50-5AmendedAccounting Standards Update No. 2015-0101/09/2015
270-10-50-5AmendedAccounting Standards Update No. 2010-0701/28/2010
270-10-50-6AAddedAccounting Standards Update No. 2016-0202/25/2016
270-10-50-7AmendedAccounting Standards Update No. 2024-0311/04/2024
270-10-50-7AmendedAccounting Standards Update No. 2023-0812/13/2023
270-10-50-7AmendedAccounting Standards Update No. 2023-0203/29/2023
270-10-50-7AmendedAccounting Standards Update No. 2022-0409/29/2022
270-10-50-7AmendedAccounting Standards Update No. 2018-1208/15/2018
270-10-50-7AmendedAccounting Standards Update No. 2015-0905/21/2015
270-10-50-7AmendedAccounting Standards Update No. 2014-0804/10/2014
270-10-50-7AmendedAccounting Standards Update No. 2011-0405/12/2011
270-10-50-7AmendedAccounting Standards Update No. 2010-0701/28/2010
270-10-50-8 through 50-70
AddedAccounting Standards Update No. 2025-1112/08/2025
270-10-60-1SupersededAccounting Standards Update No. 2025-1112/08/2025
270-10-60-1AmendedAccounting Standards Update No. 2011-0405/12/2011
270-10-65-1AddedAccounting Standards Update No. 2025-1112/08/2025
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The Interim Reporting Topic clarifies the application of accounting principles and reporting practices to interim financial information, including interim financial statements and summarized interim financial data of publicly traded companies issued for external reporting purposes. Interim financial information may include current data during a fiscal year on financial position, results of operations, comprehensive income, and cash flows. This information may be issued on a monthly or quarterly basis or at other intervals and may take the form of either complete financial statements or summarized financial data. Interim financial information often is provided for each interim period or on a cumulative year-to-date basis, or both, and for the corresponding periods of the preceding year.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The Interim Reporting Topic addresses the form and content of disclosures and application of accounting principles required for interim financial statements and notes in accordance with generally accepted accounting principles (GAAP).
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The determination of the results of operations on a meaningful basis for intervals of less than a full year presents inherent difficulties. The revenues of some entities fluctuate widely among interim periods because of seasonal factors, while in other entities heavy fixed costs incurred in one interim period may benefit other periods. In these situations, financial information for periods of less than a full year may be of limited usefulness. In other situations costs and expenses related to a full year's activities are incurred at infrequent intervals during the year and need to be allocated to products in process or to other interim periods to avoid distortion of interim financial results. In view of the limited time available to develop complete information, many costs and expenses are estimated in interim periods. For example, it may not be practical to perform extensive reviews of individual inventory items, costs on individual long-term contracts and precise income tax calculations for each interim period. Subsequent refinement or correction of these estimates may distort the results of operations of later interim periods. Similarly, the effects of disposal of a segment of an entity and unusual or infrequently occurring events and transactions on the results of operations in an interim period will often be more pronounced than they will be on the results for the annual period. Special attention must be given to disclosure of the impact of these items on financial information for interim periods.
","snippet":"The determination of the results of operations on a meaningful basis for intervals of less than a full year presents inherent difficulties. The revenues of some entities fluctuate widely among interim periods because of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3a4034146025008182953f7c28d3a2dac11eaa0231e1fcc3af4ba8ef2192c8c","downloaded_from":"2026-09-09T23:19:41.183Z","last_downloaded_at":"2026-09-09T23:19:41.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483087","source_sha256":"9a4b103f4b2f06dff0d3eb16bd3982dbe432cfc514a41ec178c684b771529e64"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:85e91a15473d0070304fb6d0159fcdb0ea3a171f07139bfe5c677eea81599cbc","downloaded_from":"2026-09-09T23:19:41.183Z","last_downloaded_at":"2026-09-09T23:19:41.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483087","source_sha256":"9a4b103f4b2f06dff0d3eb16bd3982dbe432cfc514a41ec178c684b771529e64"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c507ab235691f48a80036c59d87e4891e9444df0a509c6464f76086d6f708b9","downloaded_from":"2026-09-09T23:19:41.183Z","last_downloaded_at":"2026-09-09T23:19:41.183Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483087","source_sha256":"9a4b103f4b2f06dff0d3eb16bd3982dbe432cfc514a41ec178c684b771529e64"}},{"number":"10","label":"10 Objectives","anchor":"10-objectives","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-10-10-1","para":"10-1","html":"
The principal objectives of the Interim Reporting Topic are to provide guidance on accounting and disclosure issues peculiar to interim reporting and to set forth minimum disclosure requirements for interim financial reports of publicly traded companies.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The principal objectives of the Interim Reporting Topic are to provide guidance on accounting and disclosure issues specific to interim reporting and to set forth disclosure requirements for entities that provide interim financial statements and notes in accordance with generally accepted accounting principles.
","snippet":"The principal objectives of the Interim Reporting Topic are to provide guidance on accounting and disclosure issues peculiar to interim reporting and to set forth minimum disclosure requirements for interim financial rep…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ccf5e54a7a67215cd9c86740e32d0234b2905cd4a5339b26c136fe704461bb7","downloaded_from":"2026-09-09T23:19:45.259Z","last_downloaded_at":"2026-09-09T23:19:45.259Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483060","source_sha256":"0ce58cacb0c5508017b5f93183e2036a540c6c8ede1ea811dbacd3d81d0ba0cc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c324595692c11b003f1777ad2121f00422306d1e389b9343a77007709635252a","downloaded_from":"2026-09-09T23:19:45.259Z","last_downloaded_at":"2026-09-09T23:19:45.259Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483060","source_sha256":"0ce58cacb0c5508017b5f93183e2036a540c6c8ede1ea811dbacd3d81d0ba0cc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:355940068e02ec080510b4cdacd80ccae9833051b6ec1d9f9368a07468dede0d","downloaded_from":"2026-09-09T23:19:45.259Z","last_downloaded_at":"2026-09-09T23:19:45.259Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483060","source_sha256":"0ce58cacb0c5508017b5f93183e2036a540c6c8ede1ea811dbacd3d81d0ba0cc"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"270-10-15-1","para":"15-1","html":"
The Scope Section of the Overall Subtopic establishes the pervasive scope for the Interim Reporting Topic.
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The guidance in the Interim Reporting Topic applies to all entities.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The guidance in the Interim Reporting Topic applies to all entities that provide interim financial statements and notes in accordance with generally accepted accounting principles (GAAP), regardless of whether those interim financial statements and notes in accordance with GAAP are prepared at the same level of aggregation as the annual financial statements and annual notes or as condensed statements.
","snippet":"The guidance in the Interim Reporting Topic applies to all entities.Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The guidance in the Interim Reporting Topic applies to all en…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bbeafeb59e49511ce74f6dfbac0005a32da51c704751abe3f23999bda176e3b3","downloaded_from":"2026-09-09T23:19:48.916Z","last_downloaded_at":"2026-09-09T23:19:48.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483036","source_sha256":"b6112cf30dc33b3278ec3e1a5f079bf21d182e680b3a44c1ddea6c15eaa1a0fb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e71ba8c0c607e3a2cc0322eecc80260708e4503189554999e706a3e8d6c4045","downloaded_from":"2026-09-09T23:19:48.916Z","last_downloaded_at":"2026-09-09T23:19:48.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483036","source_sha256":"b6112cf30dc33b3278ec3e1a5f079bf21d182e680b3a44c1ddea6c15eaa1a0fb"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"270-10-15-3","para":"15-3","html":"
The guidance in the Interim Reporting Topic applies whenever entities issue interim financial information. It provides guidance on the applicability of generally accepted accounting principles (GAAP) to interim financial information and indicates types of disclosures necessary to report on a meaningful basis for a period of less than a full year. This Topic is not intended to deal with unresolved matters of accounting related to annual reporting.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The guidance in the Interim Reporting Topic applies to interim financial statements and notes in accordance with GAAP. This Topic also provides disclosure requirements necessary to report on a meaningful basis for a period of less than a full year. This Topic is not intended to deal with annual reporting.
","snippet":"The guidance in the Interim Reporting Topic applies whenever entities issue interim financial information. It provides guidance on the applicability of generally accepted accounting principles (GAAP) to interim financial…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e53515189ca2d06002aadec846443690518781ad526225b874b5f73c3081afb6","downloaded_from":"2026-09-09T23:19:48.916Z","last_downloaded_at":"2026-09-09T23:19:48.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483036","source_sha256":"b6112cf30dc33b3278ec3e1a5f079bf21d182e680b3a44c1ddea6c15eaa1a0fb"}},{"citation":"270-10-15-4","para":"15-4","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1For the purposes of applying the guidance in this Topic, financial statements and notes in accordance with GAAP include those financial statements that are a full set of financial statements in accordance with the guidance in paragraph 205-10-45-1A. For example, if an entity issues only an income statement, that would not be considered a full set of financial statements and therefore would not be subject to the guidance in this Topic. For the purposes of applying this Topic, financial statements and notes in accordance with GAAP for not-for-profit entities are those that are equivalent to the statements listed in paragraph 205-10-45-1A, except for investments by and distributions to owners during the period.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1For the purposes of applying the guidance in this Topic, financial statements and notes in accordance with GAAP include those fin…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad030ffef64e1130593b43cae60bf74dcf4b98919068c79789e1286d006430f7","downloaded_from":"2026-09-09T23:19:48.916Z","last_downloaded_at":"2026-09-09T23:19:48.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483036","source_sha256":"b6112cf30dc33b3278ec3e1a5f079bf21d182e680b3a44c1ddea6c15eaa1a0fb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbbf3db14f2482afdeec4f6f9d227654480b7964a67a71e401e363073209a6b7","downloaded_from":"2026-09-09T23:19:48.916Z","last_downloaded_at":"2026-09-09T23:19:48.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483036","source_sha256":"b6112cf30dc33b3278ec3e1a5f079bf21d182e680b3a44c1ddea6c15eaa1a0fb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68db0650958783c29e82b3770cd22f5f2bd33a1d50f578ac5fcd7b63fc4562ab","downloaded_from":"2026-09-09T23:19:48.916Z","last_downloaded_at":"2026-09-09T23:19:48.916Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483036","source_sha256":"b6112cf30dc33b3278ec3e1a5f079bf21d182e680b3a44c1ddea6c15eaa1a0fb"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Accounting Principles and Practices","paragraphs":[{"citation":"270-10-45-1","para":"45-1","html":"
Interim financial information is essential to provide investors and others with timely information as to the progress of the entity. The usefulness of such information rests on the relationship that it has to the annual results of operations. Accordingly, each interim period should be viewed primarily as an integral part of an annual period.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The usefulness of interim financial statements and notes in accordance with generally accepted accounting principles (GAAP) rests on the relationship that they have to the annual results of operations. Each interim period should be viewed primarily as an integral part of an annual period.
","snippet":"Interim financial information is essential to provide investors and others with timely information as to the progress of the entity. The usefulness of such information rests on the relationship that it has to the annual …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb0ae66e308fa291a98789a2a84dab3363f3deac1098837ed31d0ad583c0e8e9","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-2","para":"45-2","html":"
In general, the results for each interim period shall be based on the accounting principles and practices used by an entity in the preparation of its latest annual financial statements unless a change in an accounting practice or policy has been adopted in the current year (see paragraphs
270-10-45-12 through 45-16
). However, certain accounting principles and practices followed for annual reporting purposes may require modification at interim reporting dates so that the reported results for the interim period may better relate to the results of operations for the annual period. Paragraphs
270-10-45-4 through 45-11
sets forth the modifications that are necessary or desirable at interim dates in accounting principles or practices followed for annual periods.
","snippet":"In general, the results for each interim period shall be based on the accounting principles and practices used by an entity in the preparation of its latest annual financial statements unless a change in an accounting pr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9bc899963deee5bd6ee4557e0a4cd7b69140db009ae85042b150b7c84ce3e63","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6267a6eee0b7836e3d26cc35f0054b4380719dea7d793eeabd293edc8b32b272","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Revenue","paragraphs":[{"citation":"270-10-45-3","para":"45-3","html":"
Revenue from products sold or services rendered shall be recognized as the entity satisfies a performance obligation by transferring a promised good or service to a customer. Those revenues shall be recognized during an interim period on the same basis as followed for the full year in accordance with Topic 606 on revenue from contracts with customers. For example, revenues from a long-term construction contract with a customer that includes performance obligations that the entity satisfies over time in accordance with paragraphs
606-10-25-27 through 25-29
shall be recognized in interim periods on the same basis followed for the full year. Losses projected on contracts within the scope of Subtopic 605-35, in accordance with paragraphs
605-35-25-45 through 25-49
, shall be recognized in full during the interim period in which the existence of such losses becomes evident.
","snippet":"Revenue from products sold or services rendered shall be recognized as the entity satisfies a performance obligation by transferring a promised good or service to a customer. Those revenues shall be recognized during an …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98019fa74019f2f0594176d5ce6ba0e624a6a9f1c3c376b94b4e2d7097c09cd9","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37faa5292d4eb36b65ee678a3cef3bc99178c8553a19a662838cc71218169ad6","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Costs and Expenses","paragraphs":[{"citation":"270-10-45-4","para":"45-4","html":"
Costs and expenses for interim reporting purposes may be classified as either of the following:
  1. a
    Costs associated with revenue - those costs that are associated directly with or allocated to the products sold or to the services rendered and that are charged against income in those interim periods in which the related revenue is recognized
  2. b
    All other costs and expenses - those costs and expenses that are not allocated to the products sold or to the services rendered and that are charged against income in interim fiscal periods as incurred, or are allocated among interim periods based on an estimate of time expired, benefit received, or other activity associated with the periods.
","snippet":"Costs and expenses for interim reporting purposes may be classified as either of the following:\n(a) Costs associated with revenue - those costs that are associated directly with or allocated to the products sold or to th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c406be039ebbe649a408a1c46b140e87ee11674641039abc361649b6fa813e4","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-5","para":"45-5","html":"
Those costs and expenses that are associated directly with or allocated to the products sold or to the services rendered for annual reporting purposes (including, for example, material costs, wages and salaries and related fringe benefits, manufacturing overhead, and warranties) shall be similarly treated for interim reporting purposes.
","snippet":"Those costs and expenses that are associated directly with or allocated to the products sold or to the services rendered for annual reporting purposes (including, for example, material costs, wages and salaries and relat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01731ba642d1db6fa9ce7f2be64cb641458f81e889ec48f6d8cf61953d8c5d99","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-6","para":"45-6","html":"
Practices vary in determining costs of inventory. For example, cost of goods produced may be determined based on standard or actual cost, while cost of inventory may be determined on an average, first-in, first-out (FIFO), or last-in, first-out (LIFO) cost basis. While entities generally shall use the same inventory pricing methods and make provisions for writedowns at interim dates on the same basis as used at annual inventory dates, the following exceptions are appropriate at interim reporting dates:
  1. a
    Some entities use estimated gross profit rates to determine the cost of goods sold during interim periods or use other methods different from those used at annual inventory dates. These entities shall disclose the method used at the interim date and any significant adjustments that result from reconciliations with the annual physical inventory.
  2. b
    Entities that use the LIFO method may encounter a liquidation of base period inventories at an interim date that is expected to be replaced by the end of the annual period. In those cases the inventory at the interim reporting date shall not give effect to the LIFO liquidation, and cost of sales for the interim reporting period shall include the expected cost of replacement of the liquidated LIFO base.
  3. c
    Inventory losses from the application of the guidance on subsequent measurement in Subtopic 330-10shall not be deferred beyond the interim period in which the decline occurs. Recoveries of such losses on the same inventory in later interim periods of the same fiscal year through market value recoveries (for inventory measured using LIFO or the retail inventory method) or net realizable valuerecoveries (for all other inventory) shall be recognized as gains in the later interim period. Such gains shall not exceed previously recognized losses. Some declines in the market value (for inventory measured using LIFO or the retail inventory method) or net realizable value (for all other inventory) of inventory at interim dates, however, can reasonably be expected to be restored in the fiscal year. Such temporary declines need not be recognized at the interim date since no loss is expected to be incurred in the fiscal year.
  4. d
    Entities that use standard cost accounting systems for determining inventory and product costs should generally follow the same procedures in reporting purchase price, wage rate, usage, or efficiency variances from standard cost at the end of an interim period as followed at the end of a fiscal year. Purchase price variances or volume or capacity cost variances that are planned and expected to be absorbed by the end of the annual period, should ordinarily be deferred at interim reporting dates. The effect of unplanned or unanticipated purchase price or volume variances, however, shall be reported at the end of an interim period following the same procedures used at the end of a fiscal year.
","snippet":"Practices vary in determining costs of inventory. For example, cost of goods produced may be determined based on standard or actual cost, while cost of inventory may be determined on an average, first-in, first-out (FIFO…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f76ce23cfd4611c684d3fba8e436c1f959d463455c969a596e181d08d88eaea","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-7","para":"45-7","html":"
Charges are made to income for all other costs and expenses in annual reporting periods based upon any of the following:
  1. a
    Direct expenditures made in the period (salaries and wages)
  2. b
    Accruals for estimated expenditures to be made at a later date (vacation pay)
  3. c
    Amortization of expenditures that affect more than one annual period (such as insurance premiums, interest, and rents).
","snippet":"Charges are made to income for all other costs and expenses in annual reporting periods based upon any of the following:\n(a) Direct expenditures made in the period (salaries and wages)\n(b) Accruals for estimated expendit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2927d186a0ef5db429b7f50da52fab0ebf25f8011db5ec953edca9363dcc1576","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-8","para":"45-8","html":"
The objective in all cases is to achieve a fair measure of results of operations for the annual period and to present fairly the financial position at the end of the annual period. The following standards shall apply in accounting for costs and expenses other than product costs in interim periods:
  1. a
    Costs and expenses other than product costs shall be charged to income in interim periods as incurred, or be allocated among interim periods based on an estimate of time expired, benefit received or activity associated with the periods. Procedures adopted for assigning specific cost and expense items to an interim period shall be consistent with the bases followed by the entity in reporting results of operations at annual reporting dates. However, if a specific cost or expense item charged to expense for annual reporting purposes benefits more than one interim period, the cost or expense item may be allocated to those interim periods (see paragraph 270-10-45-9).
  2. b
    Some costs and expenses incurred in an interim period, however, cannot be readily identified with the activities or benefits of other interim periods and shall be charged to the interim period in which incurred. Disclosure in the notes to financial statements shall be made as to the nature and amount of such costs unless items of a comparable nature are included in both the current interim period and in the corresponding interim period of the preceding year. (See paragraph 270-10-50-1B.)
  3. c
    Arbitrary assignment of the amount of such costs to an interim period shall not be made.
  4. d
    Gains and losses that arise in any interim period similar to those that would not be deferred at year end shall not be deferred to later interim periods within the same fiscal year.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The objective in all cases is to achieve a fair measure of results of operations for the annual period and to present fairly the financial position at the end of the annual period. The following standards shall apply in accounting for costs and expenses other than product costs in interim periods:
  1. a
    Costs and expenses other than product costs shall be charged to income in interim periods as incurred, or be allocated among interim periods based on an estimate of time expired, benefit received or activity associated with the periods. Procedures adopted for assigning specific cost and expense items to an interim period shall be consistent with the bases followed by the entity in reporting results of operations at annual reporting dates. However, if a specific cost or expense item charged to expense for annual reporting purposes benefits more than one interim period, the cost or expense item may be allocated to those interim periods (see paragraph 270-10-45-9).
  2. b
  3. c
    Arbitrary assignment of the amount of such costs to an interim period shall not be made.
  4. d
    Gains and losses that arise in any interim period similar to those that would not be deferred at year end shall not be deferred to later interim periods within the same fiscal year.
","snippet":"The objective in all cases is to achieve a fair measure of results of operations for the annual period and to present fairly the financial position at the end of the annual period. The following standards shall apply in …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:60c4d5e38e3e24d00c51bd0f13330dd2e8fe0056db86490b1505a674e80d0f77","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-9","para":"45-9","html":"
A complete listing of examples of application of paragraphs
270-10-45-7 through 45-8
is not practical; however, the following examples of applications may be helpful:
  1. a
    If a cost that is expensed for annual reporting purposes clearly benefits two or more interim periods, each interim period shall be charged for an appropriate portion of the annual cost by the use of accruals or deferrals.
  2. b
    If quantity discounts are allowed to customers based upon annual sales volume, the amount of such discounts charged to each interim period shall be based on the sales to customers during the interim period in relation to estimated annual sales.
  3. c
    Property taxes (and similar costs such as interest and rent) may be accrued or deferred at annual reporting date, to achieve a full year's charge of taxes to costs and expenses. Similar procedures shall be adopted at each interim reporting date to provide an appropriate cost in each period.
  4. d
    Advertising costs may be deferred within a fiscal year if the benefits of an expenditure made clearly extend beyond the interim period in which the expenditure is made. Advertising costs may be accrued and assigned to interim periods in relation to sales prior to the time the service is received if the advertising program is clearly implicit in the sales arrangement.
","snippet":"A complete listing of examples of application of paragraphs 270-10-45-7 through 45-8 is not practical; however, the following examples of applications may be helpful:\n(a) If a cost that is expensed for annual reporting p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8bfd99cea16d2cbe70f521d0cc958bf4ebb15f98b558670020756b83157db3e6","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-10","para":"45-10","html":"
The amounts of certain costs and expenses are frequently subjected to year-end adjustments even though they can be reasonably approximated at interim dates. To the extent possible such adjustments should be estimated and the estimated costs and expenses assigned to interim periods so that the interim periods bear a reasonable portion of the anticipated annual amount. Examples of such items include inventory shrinkage, allowance for uncollectible accounts, allowance for quantity discounts, and discretionary year-end bonuses.
","snippet":"The amounts of certain costs and expenses are frequently subjected to year-end adjustments even though they can be reasonably approximated at interim dates. To the extent possible such adjustments should be estimated and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c636b7bc8dcdcefbe973e1ef5f4f322c8fcedca22af2266d34530b151e8e2c7","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:024aef6e4a87f425c513b0f34aa362eb5503dec33b29502ebab824c7264633e0","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Seasonal Revenue, Costs, or Expenses","paragraphs":[{"citation":"270-10-45-11","para":"45-11","html":"
Revenues of certain entities are subject to material seasonal variations. To avoid the possibility that interim results with material seasonal variations may be taken as fairly indicative of the estimated results for a full fiscal year, such entities shall disclose the seasonal nature of their activities, and consider supplementing their interim reports with information for 12-month periods ended at the interim date for the current and preceding years.
","snippet":"Revenues of certain entities are subject to material seasonal variations. To avoid the possibility that interim results with material seasonal variations may be taken as fairly indicative of the estimated results for a f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63babad822cf27f3f06b6320bfcfdb578ffb66c86628d40338aad20404d686bf","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:20b62dd11f5baf666521ed7cf1553d8c4a9a90f24d4f40c979e5935cb65b3cd2","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Unusual or Infrequent Items and Disposals of Components","paragraphs":[{"citation":"270-10-45-11A","para":"45-11A","html":"
Effects of disposals of a component of an entity and unusual or infrequently occurring transactions and events that are material with respect to the operating results of the interim period shall be reported separately. Gains or losses from disposal of a component of an entity and unusual or infrequently occurring items shall not be prorated over the balance of the fiscal year.
","snippet":"Effects of disposals of a component of an entity and unusual or infrequently occurring transactions and events that are material with respect to the operating results of the interim period shall be reported separately. G…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:869d03f0be0942d297924d5ff620da1ecdc2f42bc8613a80eb7d8208ef240f4e","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7853f2f0d42d6c2979a0a5b1c95f9cdc7e96b908dfc9c121cf83b2ae0357867","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Accounting Changes in Interim Periods","paragraphs":[{"citation":"270-10-45-12","para":"45-12","html":"
Each report of interim financial information shall indicate any change in accounting principles or practices from those applied in any of the following:
  1. a
    The comparable interim period of the prior annual period
  2. b
    The preceding interim periods in the current annual period
  3. c
    The prior annual report.
Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance:
105-10-65-7
Editor's Note: The pending content for paragraph 270-10-45-12 linked to paragraph 105-10-65-7 will be removed upon transition of paragraph 270-10-65-1.
Each report of interim financial information shall indicate any change in accounting principles, change in practices, or change in the reporting entity from those applied in any of the following:
  1. a
    The comparable interim period of the prior annual period
  2. b
    The preceding interim periods in the current annual period
  3. c
    The prior annual report.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Interim financial statements and notes in accordance with GAAP shall indicate any change in accounting principles, change in practices, or change in the reporting entityfrom those applied in any of the following:
  1. a
    The comparable interim period of the prior annual period
  2. b
    The preceding interim periods in the current annual period
  3. c
    The prior annual financial statements.
","snippet":"Each report of interim financial information shall indicate any change in accounting principles or practices from those applied in any of the following:\n(a) The comparable interim period of the prior annual period\n(b) Th…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a0722beb7ae649b2006649dac64eca121597f7f0bda705cc649a85845c3732f","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-13","para":"45-13","html":"
Changes in an interim or annual accounting practice or policy made in an interim period shall be reported in the period in which the change is made, in accordance with the provisions of Topic 250.
","snippet":"Changes in an interim or annual accounting practice or policy made in an interim period shall be reported in the period in which the change is made, in accordance with the provisions of Topic 250.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7014ad340bf0bae4f3b606b42c1056ee542a6274a98c04586ffb6089d8a19309","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-14","para":"45-14","html":"
The effect of a change in accounting estimate, including a change in the estimated effective annual tax rate, shall be accounted for in the period in which the change in estimate is made. No restatement of previously reported interim information shall be made for changes in estimates, but the effect on earnings of a change in estimate made in a current interim period shall be reported in the current and subsequent interim periods, if material in relation to any period presented and shall continue to be reported in the interim financial information of the subsequent year for as many periods as necessary to avoid misleading comparisons. Such disclosure shall conform with paragraph 250-10-50-4.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The effect of a change in accounting estimate, including a change in the estimated effective annual tax rate, shall be accounted for in the period in which the change in estimate is made. No restatement of previously issued interim financial statements and notes in accordance with GAAP shall be made for changes in estimates, but the effect on earnings of a change in estimate made in a current interim period shall be reported in the current and subsequent interim periods, if material in relation to any period presented and shall continue to be reported in the interim financial statements and notes in accordance with GAAP of the subsequent year for as many periods as necessary to avoid misleading comparisons. Such disclosure shall conform with paragraph 250-10-50-4.
","snippet":"The effect of a change in accounting estimate, including a change in the estimated effective annual tax rate, shall be accounted for in the period in which the change in estimate is made. No restatement of previously rep…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2dc1e0cbe03b6a88d1c47188670bfcdaf70d7256fd8bee847e467e9fb2cfa29f","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-15","para":"45-15","html":"
Whenever possible, entities should adopt any accounting changes during the first interim period of a fiscal year. Changes in accounting principles and practices adopted after the first interim period in a fiscal year tend to obscure operating results and complicate disclosure of interim financial information.
","snippet":"Whenever possible, entities should adopt any accounting changes during the first interim period of a fiscal year. Changes in accounting principles and practices adopted after the first interim period in a fiscal year ten…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e509803bca4b28c5be08ba2f5a990d74fd824b086eb57d13a36d59bd67db1af","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-16","para":"45-16","html":"
As indicated in paragraph 250-10-45-27, in determining materiality for the purpose of reporting the correction of an error, amounts shall be related to the estimated income for the full fiscal year and also to the effect on the trend of earnings. Changes that are material with respect to an interim period but not material with respect to the estimated income for the full fiscal year or to the trend of earnings shall be separately disclosed in the interim period.
","snippet":"As indicated in paragraph 250-10-45-27, in determining materiality for the purpose of reporting the correction of an error, amounts shall be related to the estimated income for the full fiscal year and also to the effect…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:addc79849ce45857822d5eea62bd98f150a1d9c0360aab1f33a0fcff2320c0fd","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1208fa9cda4d9a7c62d4d4d6da305183181ce70bce5dff35adbd0156633f37b","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Adjustments Related to Prior Interim Periods of the Current Fiscal Year","paragraphs":[{"citation":"270-10-45-17","para":"45-17","html":"
As indicated in paragraph 250-10-45-25, an adjustment related to prior interim periods of the current fiscal year is an adjustment or settlement of litigation or similar claims, of income taxes (except for the effects of retroactive tax legislation), of renegotiation proceedings, or of utility revenue under rate-making processes provided that the adjustment or settlement meets all of the following criteria:
  1. a
    The effect of the adjustment or settlement is material in relation to income from continuing operations of the current fiscal year or in relation to the trend of income from continuing operations or is material by other appropriate criteria.
  2. b
    All or part of the adjustment or settlement can be specifically identified with and is directly related to business activities of specific prior interim periods of the current fiscal year.
  3. c
    The amount of the adjustment or settlement could not be reasonably estimated prior to the current interim period but becomes reasonably estimable in the current interim period.
Criterion (b) above is not met solely because of incidental effects such as interest on a settlement. Criterion (c) would be met by the occurrence of an event with currently measurable effects such as a final decision on a rate order. Treatment as adjustments related to prior interim periods of the current fiscal year shall not be applied to the normal recurring corrections and adjustments that are the result of the use of estimates inherent in the accounting process. Changes in provisions for doubtful accounts shall not be considered to be adjustments related to prior interim periods of the current fiscal year even though the changes result from litigation or similar claims.
","snippet":"As indicated in paragraph 250-10-45-25, an adjustment related to prior interim periods of the current fiscal year is an adjustment or settlement of litigation or similar claims, of income taxes (except for the effects of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:712842a18c1c30fd6fd4a78afda0961d4e589d2c5a6932b04d503dd5a829744d","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-18","para":"45-18","html":"
As indicated in paragraph 250-10-45-26, if an item of profit or loss occurs in other than the first interim period of the entity's fiscal year and all or a part of the item of profit or loss is an adjustment related to prior interim periods of the current fiscal year, as defined in the preceding paragraph, the item shall be reported as follows:
  1. a
    The portion of the item that is directly related to business activities of the entity during the current interim period, if any, shall be included in the determination of net income for that period.
  2. b
    Prior interim periods of the current fiscal year shall be restated to include the portion of the item that is directly related to business activities of the entity during each prior interim period in the determination of net income for that period.
  3. c
    The portion of the item that is directly related to business activities of the entity during prior fiscal years, if any, shall be included in the determination of net income of the first interim period of the current fiscal year.
","snippet":"As indicated in paragraph 250-10-45-26, if an item of profit or loss occurs in other than the first interim period of the entity's fiscal year and all or a part of the item of profit or loss is an adjustment related to p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e0fea87727a235fc4ea2f41a7b7ac4e7859a06e29643ee19a2ac11e1e186e84","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4b6b4f5888783f4f540910a7fc6859a712a61b3037d966e2a1a4f00f51d2a8f","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Guidance Related to Presentation of Other Topics at Interim Dates","paragraphs":[{"citation":"270-10-45-19","para":"45-19","html":"
The following may not represent all references to interim reporting:
  1. a
    For accounting changes, see paragraphs
    250-10-45-14 through 45-16
    .
  2. b
    For comprehensive income, see paragraph 220-10-45-18.
  3. c
    For incurred but not reported liability and interim reporting, see paragraphs
    720-20-35-3 through 35-5
    and 720-20-35-8.
  4. d
    For income tax provisions, see Subtopic 740-270.
  5. e
    For inventory, see paragraphs 330-10-55-2 and 610-30-25-3.
  6. f
    For pensions and other postretirement benefits, see paragraphs
    715-20-55-18 through 55-19
    and 715-60-35-40.
Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance:
105-10-65-7
Editor's Note: The pending content for paragraph 270-10-45-19 linked to paragraph 105-10-65-7 will be removed upon transition of paragraph 270-10-65-1.
The following may not represent all references to interim reporting:
  1. a
    For accounting changes, see paragraphs
    250-10-45-14 through 45-16
    and 250-10-45-21.
  2. b
    For comprehensive income, see paragraph 220-10-45-18.
  3. c
    For incurred but not reported liability and interim reporting, see paragraphs
    720-20-35-3 through 35-5
    and 720-20-35-8.
  4. d
    For income tax provisions, see Subtopic 740-270.
  5. e
    For inventory, see paragraphs 330-10-55-2 and 610-30-25-3.
  6. f
    For pensions and other postretirement benefits, see paragraphs
    715-20-55-18 through 55-19
    and 715-60-35-40.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following may not represent all references to interim reporting:
  1. a
    For accounting changes, see paragraphs
    250-10-45-14 through 45-16
    and 250-10-45-21.
  2. b
    For comprehensive income, see paragraph 220-10-45-18.
  3. c
    For incurred but not reported liability and interim reporting, see paragraphs
    720-20-35-3 through 35-5
    and 720-20-35-8.
  4. d
    For income tax provisions, see Subtopic 740-270.
  5. e
    For inventory, see paragraphs 330-10-55-2 and 610-30-25-3.
  6. f
    For pensions and other postretirement benefits, see paragraphs
    715-20-55-18 through 55-19
    and 715-60-35-40.
  7. g
    For evaluation of a going concern, see paragraphs
    205-40-50-1 through 50-11
    .
","snippet":"The following may not represent all references to interim reporting:\n(a) For accounting changes, see paragraphs 250-10-45-14 through 45-16.\n(b) For comprehensive income, see paragraph 220-10-45-18.\n(c) For incurred but n…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4aeee622dccbc4fd190380c3cd25e4311738adafe411819a2bf83ebd006f68f","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5292e486e427cba11d8ca356f3f51bb6adf440b87d3a39f8710efa2ad0e333d","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"block":null,"heading":"Form and Content of Interim Financial Statements and Notes","paragraphs":[{"citation":"270-10-45-20","para":"45-20","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1When preparing interim financial statements and notes in accordance with GAAP (including condensed statements), a Securities and Exchange Commission registrant (SEC registrant) shall refer to the applicable form and content of interim financial statements for SEC registrants. For example, see Regulation S-X Rule 10-01 (17 CFR 210.10-01) and Regulation S-X Rule 8-03 (17 CFR 210.8-03) (paragraph 270-10-S45-2).
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1When preparing interim financial statements and notes in accordance with GAAP (including condensed statements), a Securities and …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0af8146b71d5f03920c6719b361cead038c99d71e1cdf03c5de506aa582b1d8d","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-21","para":"45-21","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1An entity that is not an SEC registrant may issue interim financial statements and notes in accordance with GAAP. When those financial statements are issued, the entity may present either of the following:
  1. a
    Financial statements presented using the same level of aggregation as the annual financial statements and notes subject to applicable annual disclosure requirements in GAAP
  2. b
    Financial statements that are presented at a level more aggregated than the annual financial statements or that have limited notes subject to the disclosure requirements in this Topic or both (condensed statements).
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1An entity that is not an SEC registrant may issue interim financial statements and notes in accordance with GAAP. When those fina…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2523ff52ef8a7466066e69a8706071157dc69836aabaa79509a32191c289fa48","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-22","para":"45-22","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1If an entity that is not an SEC registrant chooses to present condensed statements in accordance with paragraph 270-10-45-21(b), the entity shall follow the following form and content guidance:
  1. a
    For the statement of financial position at the end of the reporting period, an entity shall include separate captions for each balance sheet component presented in the annual financial statements that is 10 percent or more of total assets. An entity also shall separately present cash and retained earnings regardless of the relative significance to total assets. An entity that presents a classified statement of financial position at the end of the annual reporting period shall present totals for current assets and current liabilities.
  2. b
    For the statement of earnings for the reporting period, an entity shall include net sales or gross revenue and present each cost and expense category presented in the annual financial statements that exceeds 20 percent of sales or gross revenues (financial institutions shall substitute net interest income for sales). An entity also shall present the provision for income taxes and discontinued operations.
  3. c
    For the statement of cash flows for the reporting period, an entity shall present totals for each category of cash flow activities (operating, investing, and financing) as well as cash at the beginning and end of each period and the increase or decrease in such balance.
  4. d
    For investments by and distributions to owners for the reporting period, an entity shall present (in a note or a separate statement) an analysis of the changes in each caption presented in the statement of financial position. The analysis of changes shall be presented in the form of a reconciliation of the beginning balance to the ending balance for the reporting period. An entity also shall separately present investments by and distributions to owners.
However, if an entity that is not an SEC registrant is required by the SEC to follow certain form and content requirements under SEC rules and regulations, the entity shall follow the requirements specified by the SEC.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1If an entity that is not an SEC registrant chooses to present condensed statements in accordance with paragraph 270-10-45-21(b), …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a846b2255f2ce1c79820290ab193f42455be712b035aeee9460f1cce8a27766","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-23","para":"45-23","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1An entity that is not an SEC registrant that chooses to apply the guidance in Regulation S-X Rule 10-01(a) (17 CFR 210.10-01(a)) or Regulation S-X Rule 8-03(a) (17 CFR 210.8-03(a)) is considered to be in compliance with the content requirements for condensed statements in paragraph 270-10-45-22.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1An entity that is not an SEC registrant that chooses to apply the guidance in Regulation S-X Rule 10-01(a) (17 CFR 210.10-01(a)) …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb2259b823abfacb1602b6fc121dc46d80c271dfd0cbd4c2a13ead37912ca24a","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-24","para":"45-24","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Condensed statements can be provided only if the previous annual financial statements have been issued (or the financial statements have been made available for issuance).
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1Condensed statements can be provided only if the previous annual financial statements have been issued (or the financial statemen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:311ca042b77c4b1ad433e9d848eb062b320b7197989f9021ee268ea425ba7286","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"citation":"270-10-45-25","para":"45-25","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1If a not-for-profit entity presents condensed statements, the following requirements shall apply:
  1. a
    Net assets with donor restrictions and net assets without donor restrictions shall be presented regardless of relative significance to total net assets in the statement of financial position.
  2. b
    The required disclosure of expenses by nature and function may be condensed in accordance with the guidance in paragraphs
    270-10-45-22 through 45-23
    , whether presented on the face of the statement of activities, as a separate schedule in the notes to financial statements, or in a separate financial statement.
  3. c
    The requirement to provide a separate statement of changes in investments by and distributions to owners or disclosures explaining that such changes are not applicable.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1If a not-for-profit entity presents condensed statements, the following requirements shall apply:\n(a) Net assets with donor restr…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:359983afbfbb4706d0f125a53866b5ac21540f6a279246422281d4b9f74cae5b","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8aa71025683cf9e68aa3a00ddb340131a248de49f1f09b16db821468ceba2c64","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:187da872f70419ee56185aefc2b7a34c663bc3ab7b3c53f71779d43a7068b381","downloaded_from":"2026-09-09T23:19:55.549Z","last_downloaded_at":"2026-09-09T23:19:55.549Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482989","source_sha256":"fba09ee49d5e03fc0f970c8a55e12f178b5eb9da7ff37fe4bc7f210a8650facb"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Disclosure of Summarized Interim Financial Data by Publicly Traded Companies","paragraphs":[{"citation":"270-10-50-1","para":"50-1","html":"
Many publicly traded companies report summarized financial information at periodic interim dates in considerably less detail than that provided in annual financial statements. While this information provides more timely information than would result if complete financial statements were issued at the end of each interim period, the timeliness of presentation may be partially offset by a reduction in detail in the information provided. As a result, certain guides as to minimum disclosure are desirable. (It should be recognized that the minimum disclosures of summarized interim financial data required of publicly traded companies do not constitute a fair presentation of financial position and results of operations in conformity with generally accepted accounting principles [GAAP].) If publicly traded companies report summarized financial information at interim dates (including reports on fourth quarters), the following data should be reported, as a minimum:
  1. a
    Sales or gross revenues, provision for income taxes, net income, and comprehensive income
  2. b
    Basic and diluted earnings per share data for each period presented, determined in accordance with the provisions of Topic 260
  3. c
    Seasonal revenue, costs, or expenses (see paragraph 270-10-45-11)
  4. d
    Significant changes in estimates or provisions for income taxes (see paragraphs 740-270-30-2, 740-270-30-6, and 740-270-30-8)
  5. e
    Disposal of a component of an entity and unusual or infrequently occurring items (see paragraphs 270-10-45-11A and 270-10-50-5)
  6. f
    Contingent items (see paragraph 270-10-50-6)
  7. g
    Changes in accounting principles or changes in accounting estimates (see paragraphs
    270-10-45-12 through 45-16
    )
  8. h
    Significant changes in financial position (see paragraph 270-10-50-4)
  9. i
    All of the information about reportable segments required by paragraph 280-10-50-32, including provisions related to the recasting of segment information in previously issued financial statements.
    1. 1
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    2. 2
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    3. 3
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    4. 4
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    5. 5
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    6. 6
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
  10. j
    All of the following information about defined benefit pension plans and other defined benefit postretirement benefit plans, disclosed for all periods presented pursuant to the provisions of Subtopic 715-20:
    1. 1
      The amount of net periodic benefit cost recognized, for each period for which a statement of income is presented, showing separately the service cost component, the interest cost component, the expected return on plan assets for the period, the gain or loss component, the prior service cost or credit component, the transition asset or obligation component, and the gain or loss recognized due to a settlement or curtailment
    2. 2
      The total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph 715-20-50-1. Estimated contributions may be presented in the aggregate combining all of the following:
      1. i
        Contributions required by funding regulations or laws
      2. ii
        Discretionary contributions
      3. iii
        Noncash contributions.
  11. k
    The information about the use of fair value to measure assets and liabilities recognized in the statement of financial position pursuant to Section 820-10-50
  12. l
    The information about derivative instruments as required by Sections 815-10-50, 815-20-50, 815-25-50, 815-30-50, and 815-35-50
  13. m
    The information about financial instruments as required by Section 825-10-50
  14. n
    The information about certain investments in debt and equity securities as required by Sections 320-10-50, 321-10-50, and 942-320-50
  15. o
    The information about credit losses and impairments as required by Topic 326 on measurement of credit losses and impairments as required by Section 321-10-50
  16. p
    All of the following information about the credit quality of financial assets and the allowance for credit losses determined in accordance with the provisions of Subtopic 326-20 on financial instruments measured at amortized cost:
    1. 1
      Nonaccrual and past due financial assets (see paragraphs
      326-20-50-14 through 50-18
      )
    2. 2
      Allowance for expected credit losses related to financial assets (see paragraphs
      326-20-50-10 through 50-13
      )
    3. 3
      Subparagraph superseded by Accounting Standards Update No. 2016-13.
    4. 4
      Credit-quality information related to instruments within the scope of Subtopic 326-20 (see paragraphs
      326-20-50-4 through 50-9
      )
    5. 5
      Modifications of financing receivables (see paragraphs
      310-10-50-42 through 50-44
      ).
  17. q
    The gross information and net information required by paragraphs
    210-20-50-1 through 50-6
    .
  18. r
    The information about changes in accumulated other comprehensive income required by paragraphs 220-10-45-14A and 220-10-45-17 through 45-17B.
  19. s
    The carrying amount of foreclosed residential real estate property as required by the last sentence of paragraph 310-10-50-11 and the amount of loans in the process of foreclosure as required by paragraph 310-10-50-35.
If summarized financial data are regularly reported on a quarterly basis, the foregoing information with respect to the current quarter and the current year-to-date or the last 12 months to date should be furnished together with comparable data for the preceding year.
Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance:
105-10-65-7
Editor's Note: The pending content for paragraph 270-10-50-1 linked to paragraph 105-10-65-7 will be removed upon transition of paragraph 270-10-65-1.
Many publicly traded companies report summarized financial information at periodic interim dates in considerably less detail than that provided in annual financial statements. While this information provides more timely information than would result if complete financial statements were issued at the end of each interim period, the timeliness of presentation may be partially offset by a reduction in detail in the information provided. As a result, certain guides as to minimum disclosure are desirable. (It should be recognized that the minimum disclosures of summarized interim financial data required of publicly traded companies do not constitute a fair presentation of financial position and results of operations in conformity with generally accepted accounting principles [GAAP].) If publicly traded companies report summarized financial information at interim dates (including reports on fourth quarters), the following data should be reported, as a minimum:
  1. a
    Sales or gross revenues, provision for income taxes, net income, and comprehensive income
  2. b
    Basic and diluted earnings per share data for each period presented, determined in accordance with the provisions of Topic 260
  3. c
    Seasonal revenue, costs, or expenses (see paragraph 270-10-45-11)
  4. d
    Significant changes in estimates or provisions for income taxes (see paragraphs 740-270-30-2, 740-270-30-6, and 740-270-30-8)
  5. e
    Disposal of a component of an entity and unusual or infrequently occurring items (see paragraphs 270-10-45-11A and 270-10-50-5)
  6. f
    Contingent items (see paragraph 270-10-50-6)
  7. g
    Changes in accounting principles,changes in accounting estimates, or changes in the reporting entity (see paragraphs
    270-10-45-12 through 45-16
    )
  8. h
    Significant changes in financial position (see paragraph 270-10-50-4)
  9. i
    All of the information about reportable segments required by paragraph 280-10-50-32, including provisions related to the recasting of segment information in previously issued financial statements.
    1. 1
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    2. 2
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    3. 3
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    4. 4
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    5. 5
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
    6. 6
      Subparagraph superseded by Accounting Standards Update No. 2023-07.
  10. j
    All of the following information about defined benefit pension plans and other defined benefit postretirement benefit plans, disclosed for all periods presented pursuant to the provisions of Subtopic 715-20:
    1. 1
      The amount of net periodic benefit cost recognized, for each period for which a statement of income is presented, showing separately the service cost component, the interest cost component, the expected return on plan assets for the period, the gain or loss component, the prior service cost or credit component, the transition asset or obligation component, and the gain or loss recognized due to a settlement or curtailment
    2. 2
      The total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph 715-20-50-1. Estimated contributions may be presented in the aggregate combining all of the following:
      1. i
        Contributions required by funding regulations or laws
      2. ii
        Discretionary contributions
      3. iii
        Noncash contributions.
  11. k
    The information about the use of fair value to measure assets and liabilities recognized in the statement of financial position pursuant to Section 820-10-50
  12. l
    The information about derivative instruments as required by Sections 815-10-50, 815-20-50, 815-25-50, 815-30-50, and 815-35-50
  13. m
    The information about financial instruments as required by Section 825-10-50
  14. n
    The information about certain investments in debt and equity securities as required by Sections 320-10-50, 321-10-50, and 942-320-50
  15. o
    The information about credit losses and impairments as required by Topic 326 on measurement of credit losses and impairments as required by Section 321-10-50
  16. p
    All of the following information about the credit quality of financial assets and the allowance for credit losses determined in accordance with the provisions of Subtopic 326-20 on financial instruments measured at amortized cost:
    1. 1
      Nonaccrual and past due financial assets (see paragraphs
      326-20-50-14 through 50-18
      )
    2. 2
      Allowance for expected credit losses related to financial assets (see paragraphs
      326-20-50-10 through 50-13
      )
    3. 3
      Subparagraph superseded by Accounting Standards Update No. 2016-13.
    4. 4
      Credit-quality information related to instruments within the scope of Subtopic 326-20 (see paragraphs
      326-20-50-4 through 50-9
      )
    5. 5
      Modifications of financing receivables (see paragraphs
      310-10-50-42 through 50-44
      ).
  17. q
    The gross information and net information required by paragraphs
    210-20-50-1 through 50-6
    .
  18. r
    The information about changes in accumulated other comprehensive income required by paragraphs 220-10-45-14A and 220-10-45-17 through 45-17B.
  19. s
    The carrying amount of foreclosed residential real estate property as required by the last sentence of paragraph 310-10-50-11 and the amount of loans in the process of foreclosure as required by paragraph 310-10-50-35.
If summarized financial data are regularly reported on a quarterly basis, the foregoing information with respect to the current quarter and the current year-to-date or the last 12 months to date should be furnished together with comparable data for the preceding year.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1
Editor's Note: Paragraph 270-10-50-1 will be superseded upon transition, together with its heading:
> Disclosure of Summarized Interim Financial Data by Publicly Traded Companies
Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"Many publicly traded companies report summarized financial information at periodic interim dates in considerably less detail than that provided in annual financial statements. While this information provides more timely …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cadb0f354b79c1cc47ab338eb324be52fbf128a7ad0a8abc44ac9c268688d436","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-1A","para":"50-1A","html":"
Consistent with paragraph 270-10-50-1, a public business entity, a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the Securities and Exchange Commission, shall disclose all of the following information about revenue from contracts with customers consistent with the guidance in Topic 606:
  1. a
    A disaggregation of revenue for the period, see paragraphs
    606-10-50-5 through 50-6
    and paragraphs
    606-10-55-89 through 55-91
    .
  2. b
    The opening and closing balances of receivables, contract assets, and contract liabilities from contracts with customers (if not otherwise separately presented or disclosed), see paragraph 606-10-50-8(a).
  3. c
    Revenue recognized in the reporting period that was included in the contract liability balance at the beginning of the period, see paragraph 606-10-50-8(b).
  4. d
    Revenue recognized in the reporting period from performance obligations satisfied (or partially satisfied) in previous periods (for example, changes in transaction price), see paragraph 606-10-50-12A.
  5. e
    Information about the entity's remaining performance obligations as of the end of the reporting period, see paragraphs
    606-10-50-13 through 50-15
    .
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"Consistent with paragraph 270-10-50-1, a public business entity, a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-coun…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff0f4a31b7f21864d45fc1811b0fb30dd562c6786b743ce63968baf5ed8b3b82","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-1B","para":"50-1B","html":"
Costs and expenses incurred in an interim period that cannot be readily identified with the activities or benefits of other interim periods shall be charged to the interim period in which incurred. Disclosure in the notes to financial statements shall be made as to the nature and amount of such costs unless items of a comparable nature are included in both the current interim period and in the corresponding interim period of the preceding year. (See paragraph 270-10-45-8(b).)
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"Costs and expenses incurred in an interim period that cannot be readily identified with the activities or benefits of other interim periods shall be charged to the interim period in which incurred. Disclosure in the note…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5880ed9d2ff4346ce202d4b469c9c894447fa22432266e48488ffbec4d9bffa2","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-2","para":"50-2","html":"
If interim financial data and disclosures are not separately reported for the fourth quarter, users of the interim financial information often make inferences about that quarter by subtracting data based on the third quarter interim report from the annual results. In the absence of a separate fourth quarter report or disclosure of the results (as outlined in the preceding paragraph) for that quarter in the annual report, disposals of components of an entity and unusual or infrequently occurring items recognized in the fourth quarter, as well as the aggregate effect of year-end adjustments that are material to the results of that quarter (see paragraphs 270-10-05-2 and 270-10-45-10) shall be disclosed in the annual report in a note to the annual financial statements. If a publicly traded company that regularly reports interim information makes an accounting change during the fourth quarter of its fiscal year and does not report the data specified by the preceding paragraph in a separate fourth quarter report or in its annual report, the disclosures about the effect of the accounting change on interim periods that are required by paragraphs
270-10-45-12 through 45-14
or by paragraph 250-10-45-15, as appropriate, shall be made in a note to the annual financial statements for the fiscal year in which the change is made.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"If interim financial data and disclosures are not separately reported for the fourth quarter, users of the interim financial information often make inferences about that quarter by subtracting data based on the third qua…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ca2a3d43158b2ff78c853b03310614d9489f67778115f6c2ad315d853c8771fe","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-3","para":"50-3","html":"
Disclosure of the impact of the financial results for interim periods of the matters discussed in paragraphs
270-10-45-12 through 45-16
and
270-10-50-5 through 50-6
is desirable for as many subsequent periods as necessary to keep the reader fully informed. There is a presumption that users of summarized interim financial data will have read the latest published annual report, including the financial disclosures required by generally accepted accounting principles (GAAP) and management's commentary concerning the annual financial results, and that the summarized interim data will be viewed in that context. In this connection, management is encouraged to provide commentary relating to the effects of significant events upon the interim financial results.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"Disclosure of the impact of the financial results for interim periods of the matters discussed in paragraphs 270-10-45-12 through 45-16 and 270-10-50-5 through 50-6 is desirable for as many subsequent periods as necessar…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38d092366752983e08f9c74fcbd288b1bbe91b8ac70f43c89a386168fab5d550","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-4","para":"50-4","html":"
Publicly traded companies are encouraged to publish balance sheet and cash flow data at interim dates since these data often assist users of the interim financial information in their understanding and interpretation of the income data reported. If condensed interim balance sheet information or cash flow data are not presented at interim reporting dates, significant changes since the last reporting period with respect to liquid assets, net working capital, long-term liabilities, or stockholders' equity shall be disclosed.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"Publicly traded companies are encouraged to publish balance sheet and cash flow data at interim dates since these data often assist users of the interim financial information in their understanding and interpretation of …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f5ed05cd9202cc8601afb11853e6f0b331903ac5bfbcd820f21570a7fa3cb93","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5ca0c39da6beb909ab4aab0cba2713cdb836915f5673f60e8772445485e20a1","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"block":null,"heading":"Unusual or Infrequent Items","paragraphs":[{"citation":"270-10-50-5","para":"50-5","html":"
Matters such as unusual seasonal results, business combinations, and acquisitions by not-for-profit entities shall be disclosed to provide information needed for a proper understanding of interim financial reports.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1
Editor's Note: Paragraph 270-10-50-5 will be superseded upon transition, together with its heading.
> Unusual or Infrequent Items
Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"Matters such as unusual seasonal results, business combinations, and acquisitions by not-for-profit entities shall be disclosed to provide information needed for a proper understanding of interim financial reports. Trans…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4cb01c39f21999f1979be5de6d2d842a0f408f6adcb161600076f91d0a8a3b0c","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76a3564f71ad49d838e000dab1ea2e42410ca9551007f89eac4ee521612bc890","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"block":null,"heading":"Contingencies","paragraphs":[{"citation":"270-10-50-6","para":"50-6","html":"
Contingencies and other uncertainties that could be expected to affect the fairness of presentation of financial data at an interim date shall be disclosed in interim reports in the same manner required for annual reports. Such disclosures shall be repeated in interim and annual reports until the contingencies have been removed, resolved, or have become immaterial. The significance of a contingency or uncertainty should be judged in relation to annual financial statements. Disclosures of such items shall include, but not be limited to, those matters that form the basis of a qualification of an independent auditor's report.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1
Editor's Note: Paragraph 270-10-50-6 will be superseded upon transition, together with its heading.
> Contingencies
Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"Contingencies and other uncertainties that could be expected to affect the fairness of presentation of financial data at an interim date shall be disclosed in interim reports in the same manner required for annual report…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b31277254955ba41ddc5a64263f07c7a19b9195c47899fcab475210623e2ee8","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:35111907acacde94e88c3e58074ac86f0c5a73036b79cca2902a04c7b97ee57d","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"block":null,"heading":"Leases","paragraphs":[{"citation":"270-10-50-6A","para":"50-6A","html":"
A lessor shall disclose a table of all lease-related income items in its interim financial statements (see paragraph 842-30-50-5 for lease-related income items).
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1
Editor's Note: Paragraph 270-10-50-6A will be superseded upon transition, together with its heading.
> Leases
Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"A lessor shall disclose a table of all lease-related income items in its interim financial statements (see paragraph 842-30-50-5 for lease-related income items).Transition date:(P) December 16, 2027; (N) December 16, 202…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d8ff901f3b3c867a2cda5735608bd6ab0fc1c786f7212d2f78315607861dae3","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af1400b07e52a1ea132adb44932f902fe9f9cc56495e4bd68f5701e1829ab0a4","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"block":null,"heading":"Guidance Related to Disclosure of Other Topics at Interim Dates","paragraphs":[{"citation":"270-10-50-7","para":"50-7","html":"
The following may not represent all references to interim disclosure:
  1. a
    For business combinations and combinations accounted for by not-for-profit entities, see Sections 805-10-50, 805-20-50, 805-30-50, 805-740-50, and 958-805-50.
  2. b
    For compensation-related costs, see paragraphs 715-60-50-3 and 715-60-50-6.
  3. c
    For disclosures required for entities with oil- and gas-producing activities, see paragraph 932-270-50-1.
  4. d
    For disclosures related to prior interim periods of the current fiscal year, see paragraph 250-10-50-11.
  5. e
    For fair value requirements, see Section 820-10-50.
  6. f
    For guarantors, see Section 460-10-50.
  7. g
    For pensions and other postretirement benefits, see paragraphs
    715-20-50-6 through 50-7
    .
  8. h
    For reportable segments, see paragraphs 280-10-50-39 and 280-10-55-16.
  9. i
    For suspended well costs and interim reporting, see Section 932-235-50.
  10. j
    For applicability of disclosure requirements related to risks and uncertainties, see paragraph 275-10-15-3.
  11. k
    For discontinued operations, see paragraphs
    205-20-50-1 through 50-7
    .
  12. l
    For disposals of individually significant components of an entity, see paragraph 360-10-50-3A.
  13. ll
    For disclosure requirements on the amount of obligations outstanding under a supplier finance program, see paragraph 405-50-50-4.
  14. m
    For insurance entities that account for short-duration contracts, see paragraphs 944-40-50-3 and 944-40-50-4E.
  15. n
    For insurance entities that account for long-duration contracts, see paragraphs
    944-30-50-2A through 50-2B
    , 944-40-50-6 through 50-7C, and
    944-80-50-1 through 50-2
    .
  16. o
    For disclosure requirements on investments that generate income tax credits and other income tax benefits from a tax credit program, see paragraphs
    323-740-50-1 through 50-2
    .
  17. p
    For disclosure requirements for crypto assets, see paragraphs 350-60-50-1 and
    350-60-50-6 through 50-7
    .
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The following may not represent all references to interim disclosure:
  1. a
    For business combinations and combinations accounted for by not-for-profit entities, see Sections 805-10-50, 805-20-50, 805-30-50, 805-740-50, and 958-805-50.
  2. b
    For compensation-related costs, see paragraphs 715-60-50-3 and 715-60-50-6.
  3. c
    For disclosures required for entities with oil- and gas-producing activities, see paragraph 932-270-50-1.
  4. d
    For disclosures related to prior interim periods of the current fiscal year, see paragraph 250-10-50-11.
  5. e
    For fair value requirements, see Section 820-10-50.
  6. f
    For guarantors, see Section 460-10-50.
  7. g
    For pensions and other postretirement benefits, see paragraphs
    715-20-50-6 through 50-7
    .
  8. h
    For reportable segments, see paragraphs 280-10-50-39 and 280-10-55-16.
  9. i
    For suspended well costs and interim reporting, see Section 932-235-50.
  10. j
    For applicability of disclosure requirements related to risks and uncertainties, see paragraph 275-10-15-3.
  11. k
    For discontinued operations, see paragraphs
    205-20-50-1 through 50-7
    .
  12. l
    For disposals of individually significant components of an entity, see paragraph 360-10-50-3A.
  13. ll
    For disclosure requirements on the amount of obligations outstanding under a supplier finance program, see paragraph 405-50-50-4.
  14. m
    For insurance entities that account for short-duration contracts, see paragraphs 944-40-50-3 and 944-40-50-4E.
  15. n
    For insurance entities that account for long-duration contracts, see paragraphs
    944-30-50-2A through 50-2B
    , 944-40-50-6 through 50-7C, and
    944-80-50-1 through 50-2
    .
  16. o
    For disclosure requirements on investments that generate income tax credits and other income tax benefits from a tax credit program, see paragraphs
    323-740-50-1 through 50-2
    .
  17. p
    For disclosure requirements for crypto assets, see paragraphs 350-60-50-1 and
    350-60-50-6 through 50-7
    .
  18. q
    For income statement expense disaggregation, see Subtopic 220-40.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1
Editor's Note: Paragraph 270-10-50-7 will be superseded upon transition, together with its heading.
> Guidance Related to Disclosure of Other Topics at Interim Dates
Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"The following may not represent all references to interim disclosure:\n(a) For business combinations and combinations accounted for by not-for-profit entities, see Sections 805-10-50, 805-20-50, 805-30-50, 805-740-50, and…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e1632f4e4f60a736601f8be69fc02c3ef6263f9f498669e91bc21a19bea243f","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-8","para":"50-8","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1This Section provides the following disclosure guidance for interim financial statements and notes in accordance with generally accepted accounting principles (GAAP):
  1. a
    Disclosure requirements of this Topic
  2. b
    Interim disclosure requirements of other Topics for condensed statements
  3. c
    Disclosure principle.
The disclosures in (a) and (b) and the disclosure principle in (c) are designed to complement each other. In determining which disclosures to provide in condensed statements, an entity shall evaluate the list of disclosures to determine whether a disclosure is required to be provided in an interim period. All entities, except those that provide notes subject to applicable annual disclosure requirements in GAAP, shall consider the disclosure principle in paragraphs
270-10-50-67 through 50-70
to determine whether any additional disclosures are necessary in an interim reporting period.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1This Section provides the following disclosure guidance for interim financial statements and notes in accordance with generally a…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6058d0a107c1da74f04c262df3cf361749071fe986b8819615eb419eb23c44cf","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9189446d8a610cf01522f6661b664563287c47902a3785e8c03b28da55bcee25","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"block":null,"heading":"Disclosure Requirements of This Topic","paragraphs":[{"citation":"270-10-50-9","para":"50-9","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1All entities shall disclose the following information in their interim financial statements and notes in accordance with GAAP:
  1. a
    Sales or gross revenues, provision for income taxes, net income, and comprehensive income
  2. b
    Significant changes in estimates or provisions for income taxes (see paragraphs 740-270-30-2, 740-270-30-6, and 740-270-30-8)
  3. c
    The nature and amount of costs and expenses incurred in an interim period that cannot be readily identified with the activities or benefits of other interim periods unless items of a comparable nature are included in both the current interim period and in the corresponding interim period of the preceding year.
  4. d
    Information needed for a proper understanding of the impact of unusual or infrequent items such as unusual seasonal results.
  5. e
    The seasonal nature of activities for an entity with material seasonal variations in revenue, costs, or expenses.
  6. f
    When an entity uses estimated gross profit rates to determine the cost of goods sold during interim periods or uses other methods different from those used at annual inventory dates, the method used to determine the cost of goods sold at the interim date and any significant adjustments that result from reconciliations with the annual physical inventory.
  7. g
    Error corrections that are material with respect to an interim period but not material with respect to the estimated income for the full fiscal year or to the trend of earnings, as indicated in paragraph 250-10-45-27.
  8. h
    A statement that interim financial statements are to be read in conjunction with the most recently issued annual financial statements and notes in accordance with GAAP. This disclosure is applicable only for entities that are not Securities and Exchange Commission (SEC) registrants and that provide condensed statements in accordance with the guidance in paragraphs
    270-10-45-22 through 45-23
    .
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1All entities shall disclose the following information in their interim financial statements and notes in accordance with GAAP:\n(a…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb7375cd96456e42c69c400c194b77f75113428b6a6f1cbfd205b0d833f41abe","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-10","para":"50-10","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1If interim financial statements and notes in accordance with GAAP are not separately reported for the fourth quarter, users of the interim financial information often make inferences about that quarter by subtracting data based on the third quarter interim financial statements and notes in accordance with GAAP from the annual results. In the absence of separate fourth quarter financial statements, disposals of components of an entity and unusual or infrequently occurring items recognized in the fourth quarter, as well as the aggregate effect of year-end adjustments that are material to the results of that quarter (see paragraphs 270-10-05-2 and 270-10-45-10), shall be disclosed in a note to the annual financial statements. If an entity that regularly provides interim financial statements and notes in accordance with GAAP makes an accounting change during the fourth quarter of its fiscal year and does not report the data specified by paragraph 270-10-50-9in a separate fourth quarter report or in its annual report, the disclosures about the effect of the accounting change on interim periods that are required by paragraphs
270-10-45-12 through 45-14
or by paragraph 250-10-45-15, as appropriate, shall be made in a note to the annual financial statements for the fiscal year in which the change is made.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1If interim financial statements and notes in accordance with GAAP are not separately reported for the fourth quarter, users of th…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbe441faaa512cdfb3fee81dd09616ebaaf0bc2b9ce61fc1f802b31c55a2a101","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e1d59f7e8bb7e8a0a3d175f7a26c3ced3c2a208a06f44a1b3f14c0d3791d5f14","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"block":null,"heading":"Interim Disclosure Requirements of Other Topics for Condensed Statements","paragraphs":[{"citation":"270-10-50-11","para":"50-11","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Paragraphs
270-10-50-12 through 50-66
include a list of interim disclosure requirements for condensed statements (see paragraphs
270-10-45-20 through 45-23
for form and content guidance for condensed statements). While this Section provides a list of the interim disclosure requirements, an entity should refer to each referenced Topic to determine the scope of the disclosures and related requirements. Throughout the Codification there are specific disclosures that are required for an event or a transaction. When an event or transaction occurs during an interim period, an entity shall consider whether incremental disclosures are required as a result of the assessment of the disclosure principle beginning in paragraph 270-10-50-67 and, if applicable, apply the disclosure requirements of the related Topic.
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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
205-10-50-1
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n205-10-50-1 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e27368a776e97802868fe91661e30da56d38af327124b7c46f93f8ff8d9b067","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-13","para":"50-13","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
205-20-50-1
205-20-50-3 through 50-3A
205-20-50-4A through 50-4B
205-20-50-5A through 50-5D
205-20-50-7
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n205-20-50-1205-20-50-3 through …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:88568aec5cb6778b6c3c6a6d07f7d412e576a9e122c7af3bad3767949db0fc9b","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-14","para":"50-14","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
205-40-50-12 through 50-14
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n205-40-50-12 through 50-14 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:35fee0f343da4972e185138b59441bc83520c6c2ed609f3f1ff3617414f2652f","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-15","para":"50-15","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
210-20-50-1 through 50-6
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n210-20-50-1 through 50-6 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec5aa0127275094d0e7135f863339126ac17f86ea7063efff2591cbbafe2e4bc","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-16","para":"50-16","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
220-10-50-4 through 50-6
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n220-10-50-4 through 50-6 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f151cd2d45c02163d3e77072ecf174b4055dda30d4f3a453e7eb170146a2172a","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-17","para":"50-17","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
220-20-50-1
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n220-20-50-1 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d354afedfb6fbb1d2042efd387dc256e2733f112a985641d6ce4fc7018944146","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-18","para":"50-18","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
220-40-50-4
220-40-50-6 through 50-11
220-40-50-19 through 50-22
220-40-50-26 through 50-36
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n220-40-50-4220-40-50-6 through …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29e04567e1523b7504f2971bfda1c920bb4f016e4372e89c649a16875ceebcf4","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-19","para":"50-19","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
250-10-50-1 through 50-4
250-10-50-6 through 50-9
250-10-50-11 through 50-12
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n250-10-50-1 through 50-4250-10-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:366cc3d958e82ed193b6ae93af3961c981a14f51825d33a8e1897078489f36f7","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-20","para":"50-20","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
260-10-50-1
260-10-50-2 through 50-3
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n260-10-50-1260-10-50-2 through …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bcd89812544cc9945ef97b414b9e24c8ae2dedfcb2ca9b442b8f8dc8b8eb02d","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-21","para":"50-21","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
280-10-50-22 through 50-26C
280-10-50-28A through 50-28B
280-10-50-32
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n280-10-50-22 through 50-26C280-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:13ae562a56dbd13d8dec0e5172c652fd613b816dc3d69ccc0ecced7417fb973c","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-22","para":"50-22","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
310-10-50-11
310-10-50-35
310-10-50-41 through 50-44
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n310-10-50-11310-10-50-35310-10-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f624739b39c5e4293bbf95632d63628dbe9381d0fa0f70ca767f0cd169a0d25","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-23","para":"50-23","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
320-10-50-2 through 50-3
320-10-50-5 through 50-5C
320-10-50-9 through 50-10
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n320-10-50-2 through 50-3320-10-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41a2db739e239ebcc320418b8c9e9107232e8b6bf9a97267e453e5085ac5038c","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-24","para":"50-24","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
321-10-50-3 through 50-4
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n321-10-50-3 through 50-4 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fffcbd4a1b6ff08c0ba3cc802a11bf92e4a6accbbbd51e4c65b1f336f96fc4fe","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-25","para":"50-25","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
326-20-50-4 through 50-12
326-20-50-13 through 50-18
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n326-20-50-4 through 50-12326-20…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98763a56c514a276ce0efd6665f3d2834840c90d386c67018ba8d44cb9ed8280","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-26","para":"50-26","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
326-30-50-4 through 50-5
326-30-50-7 through 50-9
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n326-30-50-4 through 50-5326-30-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c15a5767045b5c4b1f341b29edc64010562b12e7b1e2bfd4a14c2b63fa4fa691","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-27","para":"50-27","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
350-60-50-1
350-60-50-6 through 50-7
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n350-60-50-1350-60-50-6 through …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b8e18af989d24b48017444afbd9a5c9a84df211d67353ff2aed462ec3df279fa","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-28","para":"50-28","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
360-10-50-3A
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n360-10-50-3A |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95251c14083901ee3e733c748e3883be97cb8408bd96e7af283b153577c32cd1","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-29","para":"50-29","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
405-50-50-4
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n405-50-50-4 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e38744770784ec2f6b3a19d76a2c8f79e0fb93eb880a3c79e05f88c3363859dc","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-30","para":"50-30","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
420-10-50-1
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n420-10-50-1 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54c0eb8e16c36fe1dacc495d5aa0b0668e23bf68594cbfe45f21ef549cbf931d","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-31","para":"50-31","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
460-10-50-2 through 50-4
460-10-50-8
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n460-10-50-2 through 50-4460-10-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a44e9a14f2c11cabb2c335a37e7966103e3c4257c0996814bd75e2da0a8f7db1","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-32","para":"50-32","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
470-20-50-2A
470-20-50-2C
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n470-20-50-2A470-20-50-2C |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f35f50075a02d0ba68e3700868e8a7ace5d7ea3af576edf2c7260a29e47a390","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-33","para":"50-33","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
505-10-50-2 through 50-3
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n505-10-50-2 through 50-3 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b24de7bddd9672461b463845a8447256090bd9562dcdb2be0a9b7ebf535a004","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-34","para":"50-34","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
606-10-50-5 through 50-6
606-10-50-8
606-10-50-12A through 50-15
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n606-10-50-5 through 50-6606-10-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e359f221326b911f91ff2b8f714d274dd8d3c845cc569fca9b9b85dbb0c52857","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-35","para":"50-35","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
715-20-50-6 through 50-7
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n715-20-50-6 through 50-7 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3bf90682d0b6c9cc838e4336d971b7843b31786c8461b04623218e563b20c258","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-36","para":"50-36","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
715-60-50-3
715-60-50-6
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n715-60-50-3715-60-50-6 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae109ff0931a685a5ea484eb5bbfc968f93bebbb27274d2534cfeeb06c1ee381","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-37","para":"50-37","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
740-270-50-1
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n740-270-50-1 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc86decf82c1e7544a1d3438b5398c71b171d8851495e19ebaca7bf3de097eb8","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-38","para":"50-38","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
740-323-50-1 through 50-2
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n740-323-50-1 through 50-2 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea3cb837498f55e404c99cbc5ed4692aea09226392107cd49f3f2f9519bdc1f3","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-39","para":"50-39","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
805-10-50-1 through 50-5
805-10-50-7
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n805-10-50-1 through 50-5805-10-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70068208e0c61d208ba9587706a45f5882e5c42f3e99ed67a73b535ca93f1014","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-40","para":"50-40","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
805-20-50-1 through 50-5
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n805-20-50-1 through 50-5 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c27da8c303db3d7aec9519ce51b2e4ac781b7dc1abafde9b6bb7311eb4e1b0cf","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-41","para":"50-41","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
805-30-50-1 through 50-4
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n805-30-50-1 through 50-4 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c04dcae05da031bff6441642e70e0806608d80db84b27b2d3a616acc0c6a5b0f","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-42","para":"50-42","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
808-10-50-1
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n808-10-50-1 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a63c41ef0a7a7314fbe806627d3e1e470e0a50625525b47f9e01bd4f254dda7f","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-43","para":"50-43","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
810-10-50-3 through 50-4
810-10-50-5A
810-10-50-6
810-10-50-9
810-10-50-21
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n810-10-50-3 through 50-4810-10-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcf3c29d48d443cef5c21a193669d05eb66d2cceff585df0b43f0da6281dddfe","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-44","para":"50-44","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-10-50-1 through 50-4EEE
815-10-50-4F through 50-4H
815-10-50-4K through 50-4L
815-10-50-5C
815-10-50-8
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n815-10-50-1 through 50-4EEE815-…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59c6a9dda618a4805423d6b4ad71867487e66b88ee16a415d31642565f54ad63","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-45","para":"50-45","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-15-50-2
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n815-15-50-2 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6261acbbd3f2c2e163365380fcc3619a59ced9f86dda24c99f03ba5b5e23df7","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-46","para":"50-46","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-30-50-1 through 50-2
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n815-30-50-1 through 50-2 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91878863644f3e10107a65c05595eeb7e4bd804d422595d95786c4389f842094","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-47","para":"50-47","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
815-40-50-2A
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n815-40-50-2A |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:156124908f9499894813bf61ef261bdc2158ef14378bec7527dcfac70e9a22a2","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-48","para":"50-48","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
820-10-50-2
820-10-50-2G
820-10-50-3
820-10-50-4A
820-10-50-6A through 50-6B
820-10-50-8
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n820-10-50-2820-10-50-2G820-10-5…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e5ffb1333c5e51042c25069a4aafbe6a241036b1c1a70976606db932af5c463","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-49","para":"50-49","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
825-10-50-10 through 50-11
825-10-50-12
825-10-50-20 through 50-21
825-10-50-28
825-10-50-30 through 50-32
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n825-10-50-10 through 50-11825-1…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a69b5aa7f1afa3cb29a20d26232c27089c41ad5977d0f2fcd2036f72e5f811d3","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-50","para":"50-50","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
842-30-50-5
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n842-30-50-5 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb5af0e9771e77e3bf2c476e4c8c1b25e86ffd5bbda00e811bbe61da5722c6a6","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-51","para":"50-51","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-10-50-4A
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n860-10-50-4A |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:35a5d81566a8b9feecd3e06ee49473745d752978891fedb58f73dbf08dcc38e2","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-52","para":"50-52","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-20-50-2A through 50-4
860-20-50-4D through 50-5
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n860-20-50-2A through 50-4860-20…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:abbed8d94c2c61775a092726b164e1f4c0128aaf4eeda0e264bbd19e82b5abf2","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-53","para":"50-53","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-30-50-1A
860-30-50-7
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n860-30-50-1A860-30-50-7 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e95d6c85e9953dedb4f3476f4f9dee4b02d5615bb0a82d88424738586785c117","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-54","para":"50-54","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
860-50-50-2 through 50-5
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n860-50-50-2 through 50-5 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07803896288358a69fda62f5936e558e192642d3ac1167ae7a580348132042e7","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-55","para":"50-55","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
932-270-50-1
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n932-270-50-1 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1bcf3bcd82b12ff4b9366a619f98fc9d49c7d730190ed98fe515615e1dced9db","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-56","para":"50-56","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
942-320-50-2 through 50-4
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n942-320-50-2 through 50-4 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76b951ae1d62202e22dbf848cb4f6355d33bfa7f130170c2d4bd665d9208587b","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-57","para":"50-57","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-30-50-2A through 50-2B
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n944-30-50-2A through 50-2B |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffcdd479f23e726d6f88e69e1d9c360ad5bb615476501b1467f7790e741d4fb3","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-58","para":"50-58","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-40-50-3
944-40-50-4A
944-40-50-4E
944-40-50-6 through 50-7C
944-40-50-9(a)(5)
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n944-40-50-3944-40-50-4A944-40-5…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3a702c31b720df386d12a00d618bdcc66f8acc0c8e577eaaf3a524a9c53ff9b","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-59","para":"50-59","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-60-50-2
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n944-60-50-2 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e6839035e99229f8fdba7a58adb2e34148e5243eb96db6b32fc9595a647ebd0","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-60","para":"50-60","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-80-50-1 through 50-2
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n944-80-50-1 through 50-2 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1133ba6bd0016a3cf38aaa484bed5a954ac297e2d694a6e7ef5b314645b8a0db","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-61","para":"50-61","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-310-50-3
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n944-310-50-3 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7841d5e72b0583a0571ebe598fa804ac7d4c011cc188787bfcd845c967a73c7b","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-62","para":"50-62","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
944-605-50-4
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n944-605-50-4 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:421617d8d6283dd3130ff7b6b8ac008bd356fde00253cb2892f600f5fe5d66f3","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-63","para":"50-63","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
946-20-50-3
946-20-50-10
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n946-20-50-3946-20-50-10 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4bfa826081b5484cbd1c4a0f67189003fae52114a74ac360f0feb6ae2bbb7705","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-64","para":"50-64","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
946-205-50-18
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n946-205-50-18 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae48dbf255767a3c532dc69e057086ea7e374197901377040b0d5d4e5782ee24","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-65","para":"50-65","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
954-805-50-1 through 50-3
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n954-805-50-1 through 50-3 |","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9dba6697507960ead6200c16496432243da1fd63cf2190cd4370f493b2fd1bf5","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"citation":"270-10-50-66","para":"50-66","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The following table includes disclosure requirements for condensed statements:
Paragraph Number
958-805-50-2 through 50-6
958-805-50-8 through 50-14
958-805-50-16 through 50-17
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:270-10-65-1The following table includes disclosure requirements for condensed statements:\nParagraph Number |\n958-805-50-2 through 50-6958-80…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7334117d0cf301d1eb561ef3eaa591762dfb58b613862003440fc4ff4e1dd1ce","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32468bc3d5bc46574732916330dab6864ed4fdb4cf3409d9c259471ebae56c4b","downloaded_from":"2026-09-09T23:19:57.491Z","last_downloaded_at":"2026-09-09T23:19:57.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482964","source_sha256":"d2258fec6c5b22bee1a7d59cceb731cff24089471759a8a34a0b8bf6656422a4"}},{"block":null,"heading":"Disclosure Principle","paragraphs":[{"citation":"270-10-50-67","para":"50-67","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Interim financial statements and notes in accordance with GAAP shall include disclosures either on the face of the financial statements or in accompanying footnotes sufficient so as to make interim financial statements and notes in accordance with GAAP presented not misleading. An entity that is an SEC registrant may presume that users of interim financial statements and notes in accordance with GAAP have read or have access to the audited financial statements for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. (Paragraphs
270-10-45-21 through 45-23
provide guidance for an entity that is not an SEC registrant.) Accordingly, footnote disclosure which would substantially duplicate the disclosure contained in the most recent annual report to security holders or latest annual financial statements, such as a statement of significant accounting policies and practices and details of accounts which have not changed significantly in amount or composition since the end of the most recently completed fiscal year, may be omitted.
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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1However, disclosure shall be provided where events subsequent to the end of the most recent fiscal year have occurred which have a material impact on the entity. Disclosures shall encompass (but not be limited to), for example, significant changes since the end of the most recently completed fiscal year in such items as accounting principles and practices; estimates inherent in the preparation of financial statements; status of long-term contracts; capitalization including significant new borrowings or modification of existing financing arrangements; and the reporting entity resulting from business combinations or dispositions. Notwithstanding the above, where material contingencies exist, disclosure of such matters shall be provided even though a significant change since year-end may not have occurred.
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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1An entity that provides disclosure about events since the end of the last annual reporting period that have a material impact on the entity (for example, an impairment or a restructuring) that occur during an interim period in accordance with paragraph 270-10-50-68 shall consider the annual disclosure requirements in other Topics as the basis for the relevant disclosures for the current interim period. The relevant disclosures for the current interim period shall focus on the event that should be captured under the disclosure principle. Therefore, all of the annual disclosure requirements in those other Topics may not be relevant.
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For additional disclosure guidance for the reporting entity, see Section 820-10-50.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1
Editor's Note: Paragraph 270-10-60-1 will be superseded upon transition, together with its heading.
> Fair Value Measurements and Disclosures
Paragraph superseded by Accounting Standards Update No. 2025-11.
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Accounting Standards Update 2025-11
2030-06-14
2027-12-16
2027-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
2028-12-16
The following represents the transition and effective date information related to Accounting Standards Update No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements:
Effective date and early adoption
  1. a
    A public business entity shall apply the pending content that links to this paragraph for interim reporting periods within annual reporting periods beginning after December 15, 2027. An entity other than a public business entity shall apply the pending content that links to this paragraph for interim reporting periods within annual reporting periods beginning after December 15, 2028.
  2. b
    Early adoption of the pending content that links to this paragraph is permitted in any interim reporting period in which financial statements have not yet been issued or made available for issuance.
Transition method
  1. c
    An entity shall apply the pending content that links to this paragraph using one of the following transition methods:
    1. 1
      Prospectively to interim financial statements and notes in accordance with generally accepted accounting principles (GAAP) issued for interim reporting periods beginning after the date of adoption. The disclosures required by the pending content that links to this paragraph do not need to be included in interim financial statements and notes in accordance with GAAP for interim reporting periods beginning before the date of adoption that are being presented for comparative purposes.
    2. 2
      Retrospectively to any or all prior interim reporting periods presented in the interim financial statements and notes in accordance with GAAP.
","snippet":"Accounting Standards Update 2025-11 The following represents the transition and effective date information related to Accounting Standards Update No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements: Eff…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dec0a1c996f954caf4e98598a8c7fe9f1e606828e197b456db0e84ac0196d344","downloaded_from":"2026-09-09T23:20:03.567Z","last_downloaded_at":"2026-09-09T23:20:03.567Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476138","source_sha256":"252764cdb2ab12391a866fe41fe9676598d1aef806eec16893131acb3d5ba3bf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a682f55517ef39c9b6af57fa34e32f8a0ecae7bcd2d998b893ffbcb1e08b7ad","downloaded_from":"2026-09-09T23:20:03.567Z","last_downloaded_at":"2026-09-09T23:20:03.567Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476138","source_sha256":"252764cdb2ab12391a866fe41fe9676598d1aef806eec16893131acb3d5ba3bf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2cd7dfc73e3490de9df4b965bf36fc72904f7bda7787d4a71b9af98fd70e1257","downloaded_from":"2026-09-09T23:20:03.567Z","last_downloaded_at":"2026-09-09T23:20:03.567Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476138","source_sha256":"252764cdb2ab12391a866fe41fe9676598d1aef806eec16893131acb3d5ba3bf"}},{"number":"S00","label":"SEC 00 Status","anchor":"sec-00-status","is_sec":true,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-10-S00-1","para":"S00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
270-10-S99-1AmendedAccounting Standards Update No. 2020-0910/22/2020
270-10-S99-1AmendedAccounting Standards Update No. 2019-0707/26/2019
270-10-S99-1AmendedAccounting Standards Update No. 2012-0308/27/2012
270-10-S99-1AmendedAccounting Standards Update No. 2010-2108/02/2010
270-10-S99-2AmendedAccounting Standards Update No. 2010-2208/19/2010
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See paragraph 220-10-S99-1(d), Regulation S-X Rule 3-03(d), for requirements to reflect adjustments in interim financial statements.
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See paragraph 270-10-S99-1, Regulation S-X Rule 10-01, for requirements for form and content of interim financial statements. Smaller reporting companies, as defined in Item 10(f)(1) of Regulation S-K, should comply with the similar requirements in Regulation S-X Rule 8-03.
","snippet":"See paragraph 270-10-S99-1, Regulation S-X Rule 10-01, for requirements for form and content of interim financial statements. Smaller reporting companies, as defined in Item 10(f)(1) of Regulation S-K, should comply with…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af09b6bd2c2a9debf6a0a662cb7517307cf23e144fb434f9864e90ee0537a2e6","downloaded_from":"2026-09-09T23:20:10.617Z","last_downloaded_at":"2026-09-09T23:20:10.617Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480346","source_sha256":"e9822a9cdfe1b0a8fbfdd982782e9b8827fc01fb910d7329c62770ba92493bb0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42cb2ca84bde9ef5d7cc2a02178bd273bfe01ae63623e0879dff94d8f66c84ff","downloaded_from":"2026-09-09T23:20:10.617Z","last_downloaded_at":"2026-09-09T23:20:10.617Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480346","source_sha256":"e9822a9cdfe1b0a8fbfdd982782e9b8827fc01fb910d7329c62770ba92493bb0"}},{"block":null,"heading":"Separately Presented Captions Previously Combined","paragraphs":[{"citation":"270-10-S45-3","para":"S45-3","html":"
See paragraph 270-10-S99-2, SAB Topic 6.G.2, Question 1, for SEC Staff views on separately presenting captions in the Form 10Q that were previously combined.
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See paragraph 270-10-S99-2, SAB Topic 6.G.2.a, Question 3, for SEC Staff views regarding separate presentation of inventory components.
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The following is the text of Regulation S-X Rule 10-01, Interim Financial Statements (17 CFR 210.10-01).
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The following is the text of SAB Topic 6.G.2, Amendments to Form 10Q.
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Form of condensed financial statements.\nFacts: Rules 10-01(a)(2) and (3) of Regulation S-X provide that interim balance sheets and statements of in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d4981dc92a933b9b17497afe76e16432e26c8d65d69f761d0cc481f19dd9a02","downloaded_from":"2026-09-09T23:20:17.142Z","last_downloaded_at":"2026-09-09T23:20:17.142Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480725","source_sha256":"0dd57409ac6ed982581133358717a6fbc9fe1389b0a02401fe3e987f0bf5d119"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ed026eb9eb5a9f41c549d6d497edbeebab307032b39bb074bad8932d33ac5fa","downloaded_from":"2026-09-09T23:20:17.142Z","last_downloaded_at":"2026-09-09T23:20:17.142Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480725","source_sha256":"0dd57409ac6ed982581133358717a6fbc9fe1389b0a02401fe3e987f0bf5d119"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64486d709687976b0b8e6f65f52c4d8a9b7a1b98753d584d68a4085bea20417b","downloaded_from":"2026-09-09T23:20:17.142Z","last_downloaded_at":"2026-09-09T23:20:17.142Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480725","source_sha256":"0dd57409ac6ed982581133358717a6fbc9fe1389b0a02401fe3e987f0bf5d119"}}],"enrichment":{"summary":"ASC 270-10 governs how GAAP is applied to interim financial information (monthly, quarterly, or other periods shorter than a year) and what must be disclosed. Its core rule is the \"integral part\" view: each interim period is viewed primarily as an integral part of an annual period, so results generally follow the accounting principles used in the latest annual financial statements, with specified modifications (e.g., inventory, LIFO liquidations, cost allocations, estimated annual effective tax rate). It also sets minimum disclosure requirements for publicly traded companies reporting summarized interim data, which ASU 2025-11 replaces with disclosure requirements keyed to interim financial statements and notes prepared in accordance with GAAP, including condensed statements.","key_points":["Each interim period shall be viewed primarily as an integral part of an annual period, and interim results shall be based on the accounting principles and practices used in the latest annual financial statements unless a change was adopted in the current year (270-10-45-1; 270-10-45-2).","Revenue is recognized in interim periods on the same Topic 606 basis followed for the full year, and projected contract losses under Subtopic 605-35 are recognized in full in the interim period in which their existence becomes evident (270-10-45-3).","Costs are split between costs associated with revenue (charged when the related revenue is recognized) and all other costs and expenses (charged as incurred or allocated based on time expired, benefit received, or activity), with arbitrary assignment prohibited and no deferral of gains/losses that would not be deferred at year-end (270-10-45-4; 270-10-45-8).","Interim inventory exceptions: disclose use of estimated gross profit rates; do not give effect to a LIFO base liquidation expected to be replaced by year-end (charge cost of sales with expected replacement cost); do not defer Subtopic 330-10 inventory losses beyond the interim period, but recognize later-period recoveries up to previously recognized losses; defer planned purchase price and volume variances (270-10-45-6).","Year-end-type items (inventory shrinkage, allowance for uncollectible accounts, quantity discounts, discretionary bonuses) shall be estimated and assigned so each interim period bears a reasonable portion of the anticipated annual amount (270-10-45-10).","Effects of disposals of a component and material unusual or infrequently occurring items are reported separately and shall not be prorated over the balance of the fiscal year; entities with material seasonal variations must disclose the seasonal nature of their activities (270-10-45-11; 270-10-45-11A).","Changes in accounting estimate (including the estimated effective annual tax rate) are accounted for in the period of change with no restatement of prior interim information (270-10-45-14); publicly traded companies reporting summarized interim data must disclose the minimum items in 270-10-50-1 (revenues, tax provision, net income, comprehensive income, EPS, seasonality, contingencies, accounting changes, etc.), which ASU 2025-11 supersedes in favor of 270-10-50-8 through 50-70."],"categories":["Presentation","Disclosure","Financial statement presentation","Income taxes"],"audience_level":"intermediate","student_note":"Exam questions almost always test the integral-part view and its exceptions: inventory declines and unusual/infrequent items are recognized fully in the interim period they occur (never prorated), while annual-type costs such as property taxes, bonuses, and quantity discounts are allocated across interim periods using annual estimates. A common misunderstanding is treating each quarter as a wholly discrete period — and forgetting that income taxes are computed using the estimated annual effective tax rate under Subtopic 740-270.","related_topics":["740-270","250-10","330-10","205-20","280-10","606-10"],"key_concepts":["interim reporting","integral part of annual period","estimated annual effective tax rate","lifo liquidation at interim date","cost allocation among interim periods","condensed financial statements","seasonality disclosure","minimum interim disclosures"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63c5f02ce932047123dcc324cc377e0cd9411c0e94fced711cdde068fa590c65","downloaded_from":"2026-09-09T23:19:37.216Z","last_downloaded_at":"2026-09-09T23:20:17.142Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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timestamps"}},{"number":"270-740","topic":"270","title":"Income Taxes","area":"Presentation","paragraphs":127,"summary":"This subtopic governs how income tax expense (or benefit) is computed and presented in interim financial statements. The core rule is a hybrid model: tax on \"ordinary income (or loss)\" is measured by applying a best-estimate annual effective tax rate to year-to-date ordinary income, while items excluded from that rate — significant unusual or infrequently occurring items, discontinued operations, changes in tax law or rates on deferred taxes, changes in beginning-of-year valuation allowances, and certain share-based payment tax effects — are computed individually and recognized discretely in the interim period in which they occur (740-270-25-2; 740-270-30-11 through 30-13). Recognition of interim tax benefits from losses is limited to amounts expected to be realized during the year or recognizable as a deferred tax asset at year-end (740-270-25-9).","concepts":["estimated annual effective tax rate","ordinary income or loss","discrete items","interim tax benefit limitation","valuation allowance","intraperiod tax allocation","enactment date","multiple jurisdictions"],"categories":["Income taxes","Financial statement presentation","Recognition","Disclosure"],"level":"advanced","topic_title":"Interim Reporting","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-740-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Commencement Date of the Lease (Commencement Date)AddedAccounting Standards Update No. 2016-0202/25/2016
Component of an EntitySupersededAccounting Standards Update No. 2014-0804/10/2014
ContractAddedAccounting Standards Update No. 2016-0202/25/2016
Deferred Tax Expense (or Benefit)AmendedAccounting Standards Update No. 2015-0101/09/2015
Extraordinary ItemsSupersededAccounting Standards Update No. 2015-0101/09/2015
Infrequency of OccurrenceAddedAccounting Standards Update No. 2015-0101/09/2015
LeaseAddedAccounting Standards Update No. 2016-0202/25/2016
LesseeAddedAccounting Standards Update No. 2016-0202/25/2016
LessorAddedAccounting Standards Update No. 2016-0202/25/2016
Leveraged LeaseAddedAccounting Standards Update No. 2016-0202/25/2016
Ordinary Income (or Loss)AmendedAccounting Standards Update No. 2015-0101/09/2015
Underlying AssetAddedAccounting Standards Update No. 2016-0202/25/2016
Unusual NatureAddedAccounting Standards Update No. 2015-0101/09/2015
740-270-05-4AmendedAccounting Standards Update No. 2015-0101/09/2015
740-270-25-5AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-25-12AmendedAccounting Standards Update No. 2016-0903/30/2016
740-270-25-12 through 25-14
AmendedAccounting Standards Update No. 2015-0101/09/2015
740-270-30-4AmendedAccounting Standards Update No. 2016-0903/30/2016
740-270-30-8AmendedAccounting Standards Update No. 2016-0903/30/2016
740-270-30-8AmendedAccounting Standards Update No. 2015-0101/09/2015
740-270-30-11AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-30-12AmendedAccounting Standards Update No. 2016-0903/30/2016
740-270-30-12AmendedAccounting Standards Update No. 2015-0101/09/2015
740-270-30-15AmendedAccounting Standards Update No. 2016-0202/25/2016
740-270-30-28AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-30-34AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-45-2 through 45-5
AmendedAccounting Standards Update No. 2015-0101/09/2015
740-270-45-7AmendedAccounting Standards Update No. 2014-0804/10/2014
740-270-45-8AmendedAccounting Standards Update No. 2014-0804/10/2014
740-270-55-16AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-55-24 through 55-28
AmendedAccounting Standards Update No. 2015-0101/09/2015
740-270-55-38AmendedAccounting Standards Update No. 2015-0101/09/2015
740-270-55-44AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-55-45AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-55-49AmendedAccounting Standards Update No. 2019-1212/18/2019
740-270-55-50SupersededAccounting Standards Update No. 2019-1212/18/2019
740-270-55-51SupersededAccounting Standards Update No. 2019-1212/18/2019
740-270-55-52AmendedAccounting Standards Update No. 2015-0101/09/2015
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nCommencement Date of the Lease (Commencement Date) | Added | Accounting Standards Update…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc059976ced3632fc39a0eb1e09c4f5faccc3ef39ee28178dfdca4cffd2680c2","downloaded_from":"2026-09-09T23:20:19.518Z","last_downloaded_at":"2026-09-09T23:20:19.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477746","source_sha256":"57698b871ceb63fe8e4d242abd883b179418c313316ff3f39efb6b5ca413d749"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a312cdc6f9b8e05311e6800db494b7776ffdb37bcf6660453162c9bea087b989","downloaded_from":"2026-09-09T23:20:19.518Z","last_downloaded_at":"2026-09-09T23:20:19.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477746","source_sha256":"57698b871ceb63fe8e4d242abd883b179418c313316ff3f39efb6b5ca413d749"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:019a3a995150c6dff3b0427004f1164ae3e55d6febd6bcc45248a81667754b49","downloaded_from":"2026-09-09T23:20:19.518Z","last_downloaded_at":"2026-09-09T23:20:19.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477746","source_sha256":"57698b871ceb63fe8e4d242abd883b179418c313316ff3f39efb6b5ca413d749"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-740-05-1","para":"05-1","html":"
This Subtopic addresses the accounting and disclosure for income taxes in interim periods. The accounting requirements established in this Subtopic build upon the general requirements for accounting for income taxes established in Subtopic 740-10 as well as the intraperiod tax allocation process established in Subtopic 740-20.
","snippet":"This Subtopic addresses the accounting and disclosure for income taxes in interim periods. The accounting requirements established in this Subtopic build upon the general requirements for accounting for income taxes esta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32f47dbd3be9f22f70ab771c594957d1e0d95ccbabdd960a70687dac1dbd687c","downloaded_from":"2026-09-09T23:20:22.469Z","last_downloaded_at":"2026-09-09T23:20:22.469Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478716","source_sha256":"51fc20f4ee3af0dc5625a3c5620561695a62eb36f2cc3cf83de9f99721d3b4c9"}},{"citation":"270-740-05-2","para":"05-2","html":"
Subtopic 740-10 addresses the computation of total tax expense for an entity. Subtopic 740-20 addresses the process of allocating total income tax expense (or benefit) for a period to different components of comprehensive income and shareholders' equity.
","snippet":"Subtopic 740-10 addresses the computation of total tax expense for an entity. Subtopic 740-20 addresses the process of allocating total income tax expense (or benefit) for a period to different components of comprehensiv…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e1ee7221949a80ba48761ba04937113c72f80a8d0e39cf83a33cebca3bce6bca","downloaded_from":"2026-09-09T23:20:22.469Z","last_downloaded_at":"2026-09-09T23:20:22.469Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478716","source_sha256":"51fc20f4ee3af0dc5625a3c5620561695a62eb36f2cc3cf83de9f99721d3b4c9"}},{"citation":"270-740-05-3","para":"05-3","html":"
Because an interim period is a subset of a longer period, typically a year, incremental requirements for recognition and measurement are established by this Subtopic.
","snippet":"Because an interim period is a subset of a longer period, typically a year, incremental requirements for recognition and measurement are established by this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3632ab5e29f4cdd329f2b18dba2b8b37edbb56cb3044407c50065c981686ad7b","downloaded_from":"2026-09-09T23:20:22.469Z","last_downloaded_at":"2026-09-09T23:20:22.469Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478716","source_sha256":"51fc20f4ee3af0dc5625a3c5620561695a62eb36f2cc3cf83de9f99721d3b4c9"}},{"citation":"270-740-05-4","para":"05-4","html":"
This Subtopic describes:
  1. a
    The general computation of interim period income taxes (see paragraphs
    740-270-30-1 through 30-9
    )
  2. b
    The application of the general computation to specific situations (see paragraphs
    740-270-30-22 through 30-28
    )
  3. c
    The interim period income taxes requirements applicable to significant unusual or infrequently occurring items and discontinued operations (see Section 740-270-45)
  4. d
    Special computations applicable to operations taxable in multiple jurisdictions (see paragraph 740-270-30-36)
  5. e
    Guidelines for reflecting the effects of new tax legislation in interim period income tax provisions (see paragraphs
    740-270-25-5 through 25-6
    )
  6. f
    Disclosure requirements (see paragraph 740-270-50-1).
This Subtopic also provides Examples and illustrations in Section 740-270-55.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Subtopic 740-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Subtopic 740-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e033476353ea8c5fb8beb8be8405652c0992700f88acf6ac04894d5232d83a96","downloaded_from":"2026-09-09T23:20:26.477Z","last_downloaded_at":"2026-09-09T23:20:26.477Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478357","source_sha256":"1601cdad4db17d6b649fb72a78dc510fb18136e0b9a90fab058757413703eba0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7586f72a2a074f27253d6685b825527609df5fff6e88d41ac0d3d78accd8c22d","downloaded_from":"2026-09-09T23:20:26.477Z","last_downloaded_at":"2026-09-09T23:20:26.477Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478357","source_sha256":"1601cdad4db17d6b649fb72a78dc510fb18136e0b9a90fab058757413703eba0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:216c3906b7f43ed1d7f90c3c18ea49749a060f44eebd5f9ed1357735ca5f074f","downloaded_from":"2026-09-09T23:20:26.477Z","last_downloaded_at":"2026-09-09T23:20:26.477Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478357","source_sha256":"1601cdad4db17d6b649fb72a78dc510fb18136e0b9a90fab058757413703eba0"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"General Recognition Approach","paragraphs":[{"citation":"270-740-25-1","para":"25-1","html":"
This guidance addresses the issue of how and when income tax expense (or benefit) is recognized in interim periods and distinguishes between elements that are recognized through the use of an estimated annual effective tax rate applied to measures of year-to-date operating results, referred to as ordinary income (or loss), and specific events that are discretely recognized as they occur.
","snippet":"This guidance addresses the issue of how and when income tax expense (or benefit) is recognized in interim periods and distinguishes between elements that are recognized through the use of an estimated annual effective t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eccb3c2c6b6d5eb88c981846944c18e42cc99f78b3dd5613a05bf7a14aad906f","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-2","para":"25-2","html":"
The tax (or benefit) related to ordinary income (or loss) shall be computed at an estimated annual effective tax rate and the tax (or benefit) related to all other items shall be individually computed and recognized when the items occur.
","snippet":"The tax (or benefit) related to ordinary income (or loss) shall be computed at an estimated annual effective tax rate and the tax (or benefit) related to all other items shall be individually computed and recognized when…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cfe313e62d7828565b343c3125acc9b117f8be20506ae74077c9ea855f0f263","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-3","para":"25-3","html":"
If an entity is unable to estimate a part of its ordinary income (or loss) or the related tax (or benefit) but is otherwise able to make a reliable estimate, the tax (or benefit) applicable to the item that cannot be estimated shall be reported in the interim period in which the item is reported.
","snippet":"If an entity is unable to estimate a part of its ordinary income (or loss) or the related tax (or benefit) but is otherwise able to make a reliable estimate, the tax (or benefit) applicable to the item that cannot be est…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:22031b9828aa4c75c4ad443f7ed4e5796bb86637382efcaae3bc86cfa0f9ac2e","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-4","para":"25-4","html":"
The tax benefit of an operating loss carryforward from prior years shall be included in the effective tax rate computation if the tax benefit is expected to be realized as a result of ordinary income in the current year. Otherwise, the tax benefit shall be recognized in the manner described in paragraph 740-270-45-4 in each interim period to the extent that income in the period and for the year to date is available to offset the operating loss carryforward or, in the case of a change in judgment about realizability of the related deferred tax asset in future years, the effect shall be recognized in the interim period in which the change occurs.
","snippet":"The tax benefit of an operating loss carryforward from prior years shall be included in the effective tax rate computation if the tax benefit is expected to be realized as a result of ordinary income in the current year.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c984caf6366de48138fc9f6cb1b4f3d6c7c372b9bcaf5f5886a0728ce6f3def","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-5","para":"25-5","html":"
The effects of new tax legislation shall not be recognized prior to enactment. The tax effect of a change in tax laws or rates on taxes currently payable or refundable for the current year shall be reflected in the computation of the annual effective tax rate beginning in the first interim period that includes the enactment date of the new legislation. The effect of a change in tax laws or rates on a deferred tax liability or asset shall not be apportioned among interim periods through an adjustment of the annual effective tax rate.
","snippet":"The effects of new tax legislation shall not be recognized prior to enactment. The tax effect of a change in tax laws or rates on taxes currently payable or refundable for the current year shall be reflected in the compu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0044dc6ae7733ecc9cede3be9e53592cde67c5246640db5946e53a7448bf0a61","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-6","para":"25-6","html":"
The tax effect of a change in tax laws or rates on taxes payable or refundable for a prior year shall be recognized as of the enactment date of the change as tax expense (benefit) for the current year. See Example 6 (paragraph 740-270-55-44) for illustrations of accounting for changes caused by new tax legislation.
","snippet":"The tax effect of a change in tax laws or rates on taxes payable or refundable for a prior year shall be recognized as of the enactment date of the change as tax expense (benefit) for the current year. See Example 6 (par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:073d9f4e5c7433a84797788973ed76ecf9469959af8b0acc836501c11efa2ba6","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-7","para":"25-7","html":"
The effect of a change in the beginning-of-the-year balance of a valuation allowance as a result of a change in judgment about the realizability of the related deferred tax asset in future years shall not be apportioned among interim periods through an adjustment of the effective tax rate but shall be recognized in the interim period in which the change occurs.
","snippet":"The effect of a change in the beginning-of-the-year balance of a valuation allowance as a result of a change in judgment about the realizability of the related deferred tax asset in future years shall not be apportioned …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66c98f9e9d5b720f99830fcc18f2b1d9b61176405bff58030f9b76cb954401bd","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f689ed2d7910d3439812f1f97241d8b16a6963a2964c29bddcc04200f8b3174d","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"block":null,"heading":"Recognition of the Tax Benefit of a Loss in Interim Periods","paragraphs":[{"citation":"270-740-25-8","para":"25-8","html":"
This guidance establishes requirements for considering whether the amount of income tax benefit recognized in an interim period shall be limited due to interim period losses.
","snippet":"This guidance establishes requirements for considering whether the amount of income tax benefit recognized in an interim period shall be limited due to interim period losses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2247048954355ac33a42db95dae293c34540aaaaa890a1d08163930756a8f99d","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-9","para":"25-9","html":"
The tax effects of losses that arise in the early portion of a fiscal year shall be recognized only when the tax benefits are expected to be either:
  1. a
    Realized during the year
  2. b
    Recognizable as a deferred tax asset at the end of the year in accordance with the provisions of Subtopic 740-10.
","snippet":"The tax effects of losses that arise in the early portion of a fiscal year shall be recognized only when the tax benefits are expected to be either:\n(a) Realized during the year\n(b) Recognizable as a deferred tax asset a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d187b231508003d63a2c1eeaba4d1b6b244b56049c62db4d3cfaa6e8ff281b9c","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-10","para":"25-10","html":"
An established seasonal pattern of loss in early interim periods offset by income in later interim periods shall constitute evidence that realization is more likely than not, unless other evidence indicates the established seasonal pattern will not prevail.
","snippet":"An established seasonal pattern of loss in early interim periods offset by income in later interim periods shall constitute evidence that realization is more likely than not, unless other evidence indicates the establish…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:367f5dca96c49213bb02921348d3d85ea5b7d3d95fbc406134d12b1eaae79067","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-11","para":"25-11","html":"
The tax effects of losses incurred in early interim periods may be recognized in a later interim period of a fiscal year if their realization, although initially uncertain, later becomes more likely than not. When the tax effects of losses that arise in the early portions of a fiscal year are not recognized in that interim period, no tax provision shall be made for income that arises in later interim periods until the tax effects of the previous interim losses are utilized.
","snippet":"The tax effects of losses incurred in early interim periods may be recognized in a later interim period of a fiscal year if their realization, although initially uncertain, later becomes more likely than not. When the ta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:820844e04598c26df26b83eade2280b057c1d3f1efc3408ec15e92cd14757ba8","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-12","para":"25-12","html":"
If an entity has a significant unusual or infrequently occurring loss or a loss from discontinued operations, the tax benefit of that loss shall be recognized in an interim period when the tax benefit of the loss is expected to be either:
  1. a
    Realized during the year
  2. b
    Recognizable as a deferred tax asset at the end of the year in accordance with the provisions of Subtopic 740-10.
Realization would appear to be more likely than not if future taxable income from (ordinary) income during the current year is expected based on an established seasonal pattern of loss in early interim periods offset by income in later interim periods. The guidance in this paragraph also applies to a tax benefit resulting from an employee share-based payment award within the scope of Topic 718 on stock compensation when the deduction for the award for tax purposes is greater than the cumulative cost of the award recognized for financial reporting purposes.
","snippet":"If an entity has a significant unusual or infrequently occurring loss or a loss from discontinued operations, the tax benefit of that loss shall be recognized in an interim period when the tax benefit of the loss is expe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af949db7247b4d2657df95478dee51293c1c44f7264a2ac329e8edbad0877358","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-13","para":"25-13","html":"
See Example 3, Cases A and B (paragraphs
740-270-55-26 through 55-28
) for example computations involving unusual or infrequently occurring losses.
","snippet":"See Example 3, Cases A and B (paragraphs 740-270-55-26 through 55-28) for example computations involving unusual or infrequently occurring losses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:339793e300198a33f74efd97b0fe2e3e74b0ed693bfe32fd22f5a1bad2bfa46d","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"citation":"270-740-25-14","para":"25-14","html":"
If recognition of a deferred tax asset at the end of the fiscal year for all or a portion of the tax benefit of the loss depends on taxable income from the reversal of existing taxable temporary differences, see paragraphs
740-270-30-32 through 30-33
for guidance. If all or a part of the tax benefit is not realized and future realization is not more likely than not in the interim period of occurrence but becomes more likely than not in a subsequent interim period of the same fiscal year, the previously unrecognized tax benefit shall be reported that subsequent interim period in the same manner that it would have been reported if realization had been more likely than not in the interim period of occurrence, that is, as a tax benefit relating to continuing operations or discontinued operations. See Subtopic 740-20 for the requirements to allocate total income tax expense (or benefit).
","snippet":"If recognition of a deferred tax asset at the end of the fiscal year for all or a portion of the tax benefit of the loss depends on taxable income from the reversal of existing taxable temporary differences, see paragrap…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12b41449017960ed602abe685ad19cf5f5e80dcebeb32dc03b7da63c692c9540","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d37213d9c7b3c7187824d88be0edb4c93c30735f410a43fe5a027eb942f21d3","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:906c54aea211c549def9f83e049b7167dcd8a9b0040b7961b2236f08a727ee59","downloaded_from":"2026-09-09T23:20:32.251Z","last_downloaded_at":"2026-09-09T23:20:32.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478835","source_sha256":"d40d955b716a62ac0411d9de4e47c4635fa171c522750ba134f23b38adf81a5c"}},{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"General Methodology and Use of Estimated Annual Effective Tax Rate","paragraphs":[{"citation":"270-740-30-1","para":"30-1","html":"
This guidance establishes the methodology, including the use of an estimated annual effective tax rate, to determine income tax expense (or benefit) in interim financial information.
","snippet":"This guidance establishes the methodology, including the use of an estimated annual effective tax rate, to determine income tax expense (or benefit) in interim financial information.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6de126c2a3e3a1a1ee0274dd25d7a3690baf2b314ee7e5939a868777ea76957","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-2","para":"30-2","html":"
In reporting interim financial information, income tax provisions shall be determined under the general requirements for accounting for income taxes set forth in Subtopic 740-10.
","snippet":"In reporting interim financial information, income tax provisions shall be determined under the general requirements for accounting for income taxes set forth in Subtopic 740-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8042ccb5ae77d02b4f0397481dba052953765fd3cd34d687e493ee6a819e46b","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-3","para":"30-3","html":"
Income tax expense (or benefit) for an interim period is based on income taxes computed for ordinary income or loss and income taxes computed for items or events that are not part of ordinary income or loss.
","snippet":"Income tax expense (or benefit) for an interim period is based on income taxes computed for ordinary income or loss and income taxes computed for items or events that are not part of ordinary income or loss.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65c5de2faa0ee47eb33c67ebbbb74973713b6adebd50df29a00c0060fd21d319","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-4","para":"30-4","html":"
Paragraph 740-270-25-2 requires that the tax (or benefit) related to ordinary income (or loss) be computed at an estimated annual effective tax rate and the tax (or benefit) related to all other items be individually computed and recognized when the items occur (for example, the tax effects resulting from an employee share-based payment award within the scope of Topic 718 when the deduction for the award for tax purposes does not equal the cumulative compensation costs of the award recognized for financial reporting purposes).
","snippet":"Paragraph 740-270-25-2 requires that the tax (or benefit) related to ordinary income (or loss) be computed at an estimated annual effective tax rate and the tax (or benefit) related to all other items be individually com…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce7c2efc96c1cdfc989054d585f37af8c0bc5405268443321b014367ad40852b","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-5","para":"30-5","html":"
The estimated annual effective tax rate, described in paragraphs
740-270-30-6 through 30-8
, shall be applied to the year-to-date ordinary income (or loss) at the end of each interim period to compute the year-to-date tax (or benefit) applicable to ordinary income (or loss).
","snippet":"The estimated annual effective tax rate, described in paragraphs 740-270-30-6 through 30-8, shall be applied to the year-to-date ordinary income (or loss) at the end of each interim period to compute the year-to-date tax…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cacf113c4d47210574d278bb9af3ef34065330ddfb821536a072baf201c51941","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-6","para":"30-6","html":"
At the end of each interim period the entity shall make its best estimate of the effective tax rate expected to be applicable for the full fiscal year. In some cases, the estimated annual effective tax rate will be the statutory rate modified as may be appropriate in particular circumstances. In other cases, the rate will be the entity's estimate of the tax (or benefit) that will be provided for the fiscal year, stated as a percentage of its estimated ordinary income (or loss) for the fiscal year (see paragraphs
740-270-30-30 through 30-34
if an ordinary loss is anticipated for the fiscal year).
","snippet":"At the end of each interim period the entity shall make its best estimate of the effective tax rate expected to be applicable for the full fiscal year. In some cases, the estimated annual effective tax rate will be the s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4ae0aa176d717a68751e1a9df86143b282126e840eecbef5100c0735575c091","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-7","para":"30-7","html":"
The tax effect of a valuation allowance expected to be necessary for a deferred tax asset at the end of the year for originating deductible temporary differences and carryforwards during the year shall be included in the effective tax rate.
","snippet":"The tax effect of a valuation allowance expected to be necessary for a deferred tax asset at the end of the year for originating deductible temporary differences and carryforwards during the year shall be included in the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:140f3d85fe14f8e7d4243835313bfd7baa30ee3bc7b4c1f6915f65a07af5fbbc","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-8","para":"30-8","html":"
The estimated effective tax rate also shall reflect anticipated investment tax credits, foreign tax rates, percentage depletion, capital gains rates, and other available tax planning alternatives. However, in arriving at this estimated effective tax rate, no effect shall be included for the tax related to an employee share-based payment award within the scope of Topic 718 when the deduction for the award for tax purposes does not equal the cumulative compensation costs of the award recognized for financial reporting purposes, significant unusual or infrequently occurring items that will be reported separately, or for items that will be reported net of their related tax effect in reports for the interim period or for the fiscal year. The rate so determined shall be used in providing for income taxes on a current year-to-date basis.
","snippet":"The estimated effective tax rate also shall reflect anticipated investment tax credits, foreign tax rates, percentage depletion, capital gains rates, and other available tax planning alternatives. However, in arriving at…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a9e2097da505287e776cdf0229423bda5b808821f676e8d6460f6d2008819dd","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-9","para":"30-9","html":"
Examples 1 through 2 (see paragraphs
740-270-55-2 through 55-23
) contain illustrations of the computation of estimated annual effective tax rates beginning in paragraphs 740-270-55-3; 740-270-55-12; and
740-270-55-19 through 55-20
.
","snippet":"Examples 1 through 2 (see paragraphs 740-270-55-2 through 55-23) contain illustrations of the computation of estimated annual effective tax rates beginning in paragraphs 740-270-55-3; 740-270-55-12; and 740-270-55-19 thr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d205fd74f37e6bf68725bad5cc962053bdf798f8519e3a65467bf6fecd9a20ef","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1038c5a68bff60976f3ca940dffa3af6beb3e3cd34d5186816570303aa49cac5","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"block":null,"heading":"Exclusion of Items from Estimated Annual Effective Tax Rate","paragraphs":[{"citation":"270-740-30-10","para":"30-10","html":"
This guidance identifies items that are always excluded from the determination of the estimated annual effective tax rate. This guidance also specifies the alternatives for including or excluding certain investment tax credits in the estimated annual effective tax rate.
","snippet":"This guidance identifies items that are always excluded from the determination of the estimated annual effective tax rate. This guidance also specifies the alternatives for including or excluding certain investment tax c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8d5b93a224afc07905b37a14f2c019d71b1b86141b2722eba7e570b5902b220","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-11","para":"30-11","html":"
The effects of changes in judgment about beginning-of-year valuation allowances and effects of changes in tax laws or rates on deferred tax assets or liabilities and taxes payable or refundable for prior years (in the case of a retroactive change) shall be excluded from the estimated annual effective tax rate calculation.
","snippet":"The effects of changes in judgment about beginning-of-year valuation allowances and effects of changes in tax laws or rates on deferred tax assets or liabilities and taxes payable or refundable for prior years (in the ca…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38eb3822e5495fd78d434c3358c72afe62087ac95227263af5b54929ee623bd9","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-12","para":"30-12","html":"
Taxes related to an employee share-based payment award within the scope of Topic 718 when the deduction for the award for tax purposes does not equal the cumulative compensation costs of the award recognized for financial reporting purposes, significant unusual or infrequently occurring items that will be reported separately or items that will be reported net of their related tax effect shall be excluded from the estimated annual effective tax rate calculation.
","snippet":"Taxes related to an employee share-based payment award within the scope of Topic 718 when the deduction for the award for tax purposes does not equal the cumulative compensation costs of the award recognized for financia…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a6848aeb8d5f09245494a5c95d1e6c2a5ff6bec05b53eb49fa6b42e2d8f601cd","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-13","para":"30-13","html":"
As these items are excluded from the estimated annual effective tax rate, Section 740-270-25 requires that the related tax effect be recognized in the interim period in which they occur. See Example 3 (paragraph 740-270-55-24) for illustrations of accounting for these items in the interim period which they occur.
","snippet":"As these items are excluded from the estimated annual effective tax rate, Section 740-270-25 requires that the related tax effect be recognized in the interim period in which they occur. See Example 3 (paragraph 740-270-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36b8b4ae9791fbf7ba960530185ac40cd67677f7fc03b0fefbcef854e9ddeb7c","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-14","para":"30-14","html":"
Certain investment tax credits may be excluded from the estimated annual effective tax rate. If an entity includes allowable investment tax credits as part of its provision for income taxes over the productive life of acquired property and not entirely in the year the property is placed in service, amortization of deferred investment tax credits need not be taken into account in estimating the annual effective tax rate; however, if the investment tax credits are taken into account in the estimated annual effective tax rate, the amount taken into account shall be the amount of amortization that is anticipated to be included in income in the current year (see paragraphs 740-10-25-46 and 740-10-45-28).
","snippet":"Certain investment tax credits may be excluded from the estimated annual effective tax rate. If an entity includes allowable investment tax credits as part of its provision for income taxes over the productive life of ac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:615b1cda0705b26d6b2a4e2109f412c0b4c46027376f99e4a9becbd1e098a20e","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-15","para":"30-15","html":"
Further, paragraphs 842-50-30-1 and
842-50-35-3 through 35-4
require that investment tax credits related to leases that are accounted for as leveraged leases shall be deferred and accounted for as return on the net investment in the leveraged leases in the years in which the net investment is positive and explains that the use of the term years is not intended to preclude application of the accounting described to shorter periods. If an entity accounts for investment tax credits related to leveraged leases in accordance with those paragraphs for interim periods, those investment tax credits shall not be taken into account in estimating the annual effective tax rate.
","snippet":"Further, paragraphs 842-50-30-1 and 842-50-35-3 through 35-4 require that investment tax credits related to leases that are accounted for as leveraged leases shall be deferred and accounted for as return on the net inves…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c865f82aa0cd4342a80d6c6fee74de42f95f9d94b31cfff3ea0c28723440d97f","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b596c4c829d975e1ef0941f9cff624956e2232c7150f243dbf5abc880ed49978","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"block":null,"heading":"Ability to Make Estimates","paragraphs":[{"citation":"270-740-30-16","para":"30-16","html":"
This guidance addresses the consequences of an entity's inability to reliably estimate some or all of the information that is ordinarily required to determine the annual effective tax rate in interim financial information.
","snippet":"This guidance addresses the consequences of an entity's inability to reliably estimate some or all of the information that is ordinarily required to determine the annual effective tax rate in interim financial informatio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:158ee82ac325b638f5279419c5ac16c79bacf3fba51fd6d6fb1e35fff30de29d","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-17","para":"30-17","html":"
Paragraph 740-270-25-3 requires that if an entity is unable to estimate a part of its ordinary income (or loss) or the related tax (or benefit) but is otherwise able to make a reliable estimate, the tax (or benefit) applicable to the item that cannot be estimated be reported in the interim period in which the item is reported.
","snippet":"Paragraph 740-270-25-3 requires that if an entity is unable to estimate a part of its ordinary income (or loss) or the related tax (or benefit) but is otherwise able to make a reliable estimate, the tax (or benefit) appl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33dddc7d99e02cf629073ff1b3e164e7063def4f69a922c609068e9863ba474e","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-18","para":"30-18","html":"
Estimates of the annual effective tax rate at the end of interim periods are, of necessity, based on evaluations of possible future events and transactions and may be subject to subsequent refinement or revision. If a reliable estimate cannot be made, the actual effective tax rate for the year to date may be the best estimate of the annual effective tax rate.
","snippet":"Estimates of the annual effective tax rate at the end of interim periods are, of necessity, based on evaluations of possible future events and transactions and may be subject to subsequent refinement or revision. If a re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70e55b6b0391ac569984e71793c5d137ea5c1ffa78aa3087f742a75811619fa9","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-19","para":"30-19","html":"
The effect of translating foreign currency financial statements may make it difficult to estimate an annual effective foreign currency tax rate in dollars. For example, in some cases depreciation is translated at historical exchange rates, whereas many transactions included in income are translated at current period average exchange rates. If depreciation is large in relation to earnings, a change in the estimated ordinary income that does not change the effective foreign currency tax rate can change the effective tax rate in the dollar financial statements. This result can occur with no change in exchange rates during the current year if there have been exchange rate changes in past years. If the entity is unable to estimate its annual effective tax rate in dollars or is otherwise unable to make a reliable estimate of its ordinary income (or loss) or of the related tax (or benefit) for the fiscal year in a jurisdiction, the tax (or benefit) applicable to ordinary income (or loss) in that jurisdiction shall be recognized in the interim period in which the ordinary income (or loss) is reported.
","snippet":"The effect of translating foreign currency financial statements may make it difficult to estimate an annual effective foreign currency tax rate in dollars. For example, in some cases depreciation is translated at histori…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:619d209eeb86caa08ee3165ab41beb973a95c2128ed25a4d1c80d071361f70f7","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a71a49192296d38d409881502ddbfad77b5df229dd76702f3d75ab619157e37","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"block":null,"heading":"Effect of Operating Losses","paragraphs":[{"citation":"270-740-30-20","para":"30-20","html":"
This guidance addresses changes to the general methodology to determine income tax expense (or benefit) in interim financial information as set forth in paragraph 740-270-30-5 when an entity has experienced or expects to experience operating losses.
","snippet":"This guidance addresses changes to the general methodology to determine income tax expense (or benefit) in interim financial information as set forth in paragraph 740-270-30-5 when an entity has experienced or expects to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:88659b808ecc2004b560b74c8d4be2b581140f87e1e7facca0d2768bf1a01e78","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-21","para":"30-21","html":"
An entity may have experienced year-to-date ordinary income (or loss) at the end of any interim period. These year-to-date actual results of either ordinary income (or loss) may differ from the results expected by the entity for either ordinary income (or loss) for the full fiscal year. This guidance identifies the required methodology for recording interim period income taxes for each of the four possible relationships of year-to-date ordinary income (or loss) and expected full fiscal year ordinary income (or loss).See Examples 1 through 2 (paragraphs
740-270-55-2 through 55-23
) for example computations in these different situations. This guidance also establishes income tax benefit limitations when ordinary losses exist.
","snippet":"An entity may have experienced year-to-date ordinary income (or loss) at the end of any interim period. These year-to-date actual results of either ordinary income (or loss) may differ from the results expected by the en…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a2b2d105cebed797de778c6c1504ea3bc9241f1af8f590de79f6a97e2fd65474","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-22","para":"30-22","html":"
If an entity has ordinary income for the year to date at the end of an interim period and anticipates ordinary income for the fiscal year, the interim period tax shall be computed in accordance with paragraph 740-270-30-5.
","snippet":"If an entity has ordinary income for the year to date at the end of an interim period and anticipates ordinary income for the fiscal year, the interim period tax shall be computed in accordance with paragraph 740-270-30-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:439ece6de46eb008be7abdc6bcd3ff3906c064dded51bd6ae30559834ca4f0d2","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-23","para":"30-23","html":"
See Example 1, Cases A and B1 (paragraphs
740-270-55-4 through 55-6
) for illustrations of the application of these requirements.
","snippet":"See Example 1, Cases A and B1 (paragraphs 740-270-55-4 through 55-6) for illustrations of the application of these requirements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ff387632ae49c22b8be3729927c0a416be58b1383211affba19fdb2b253cc8a","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-24","para":"30-24","html":"
If an entity has an ordinary loss for the year to date at the end of an interim period and anticipates ordinary income for the fiscal year, the interim period tax benefit shall be computed in accordance with paragraph 740-270-30-5, except that the year-to-date tax benefit recognized shall be limited to the amount determined in accordance with paragraphs
740-270-30-30 through 30-33
.
","snippet":"If an entity has an ordinary loss for the year to date at the end of an interim period and anticipates ordinary income for the fiscal year, the interim period tax benefit shall be computed in accordance with paragraph 74…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f68709f589209978a006199d2b41ca7d4bae55c62982dea0d8d2e90b6210dfe1","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-25","para":"30-25","html":"
See Example 1, Cases B2 and B3 (paragraphs
740-270-55-7 through 55-8
) for illustrations of the application of these requirements.
","snippet":"See Example 1, Cases B2 and B3 (paragraphs 740-270-55-7 through 55-8) for illustrations of the application of these requirements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b4d1b8940836b2c855611e5414a67cbb4cc227fe995d105fb9c6fa8dcb02b1e","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-26","para":"30-26","html":"
If an entity has ordinary income for the year to date at the end of an interim period and anticipates an ordinary loss for the fiscal year, the interim period tax shall be computed in accordance with paragraph 740-270-30-5. The estimated tax benefit for the fiscal year, used to determine the estimated annual effective tax rate described in paragraphs
740-270-30-6 through 30-8
, shall not exceed the tax benefit determined in accordance with paragraphs
740-270-30-30 through 30-33
.
","snippet":"If an entity has ordinary income for the year to date at the end of an interim period and anticipates an ordinary loss for the fiscal year, the interim period tax shall be computed in accordance with paragraph 740-270-30…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e4ed29095b5f87ab2cfdb96a2658ed19593793747344fb9b76da4a224a2b5b8","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-27","para":"30-27","html":"
See Example 2, Cases A2 and C2 (paragraphs 740-270-55-16 and 740-270-55-20) for illustrations of the application of these requirements.
","snippet":"See Example 2, Cases A2 and C2 (paragraphs 740-270-55-16 and 740-270-55-20) for illustrations of the application of these requirements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c758163c5627f578974285807da35c09ff2460d2822e7a16d6b3abe8b2a78600","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-28","para":"30-28","html":"
If an entity has an ordinary loss for the year to date at the end of an interim period and anticipates an ordinary loss for the fiscal year, the interim period tax benefit shall be computed in accordance with paragraph 740-270-30-5. The estimated tax benefit for the fiscal year, used to determine the estimated annual effective tax rate described in paragraphs
740-270-30-6 through 30-8
, shall not exceed the tax benefit determined in accordance with paragraphs
740-270-30-30 through 30-33
.
","snippet":"If an entity has an ordinary loss for the year to date at the end of an interim period and anticipates an ordinary loss for the fiscal year, the interim period tax benefit shall be computed in accordance with paragraph 7…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09bed0acfaf4b5e845eb57de8b0af75cc23acc00b124aa82fead1e3e9839f5f5","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-29","para":"30-29","html":"
See Example 2, Cases A1, B, and C1 (paragraphs 740-270-55-15, 740-270-55-17, and 740-270-55-19) for illustrations of the application of these requirements.
","snippet":"See Example 2, Cases A1, B, and C1 (paragraphs 740-270-55-15, 740-270-55-17, and 740-270-55-19) for illustrations of the application of these requirements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c843c3d0b778a21f9af2c10c3752f1a184e7ec3989f5e4c18c7c4d556154635","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:806fe699dc29d315608ba5f72f4736b7c71a90287ccbd02520302f3c30305c28","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"block":null,"heading":"Determining Income Tax Benefit Limitations","paragraphs":[{"citation":"270-740-30-30","para":"30-30","html":"
Paragraph 740-270-25-9 provides that a tax benefit shall be recognized for a loss that arises early in a fiscal year if the tax benefits are expected to be either of the following:
  1. a
    Realized during the year
  2. b
    Recognizable as a deferred tax asset at the end of the year in accordance with the requirements established in Subtopic 740-10. Paragraph 740-10-30-5(e) requires that a valuation allowance be recognized if it is more likely than not that the tax benefit of some portion or all of a deferred tax asset will not be realized.
","snippet":"Paragraph 740-270-25-9 provides that a tax benefit shall be recognized for a loss that arises early in a fiscal year if the tax benefits are expected to be either of the following:\n(a) Realized during the year\n(b) Recogn…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d54bb1812a4ef5c0a1e7d4a9c8c9724f688d044e12855c5352961738170b4490","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-31","para":"30-31","html":"
The limitations described in the preceding paragraph shall be applied in determining the estimated tax benefit of an ordinary loss for the fiscal year, used to determine the estimated annual effective tax rate and the year-to-date tax benefit of a loss.
","snippet":"The limitations described in the preceding paragraph shall be applied in determining the estimated tax benefit of an ordinary loss for the fiscal year, used to determine the estimated annual effective tax rate and the ye…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:035bcc8005f8f3d7b64090d39bc6c53d47677502ce1d27dc92a0c37fee6a483b","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-32","para":"30-32","html":"
The reversal of existing taxable temporary differences may be a source of evidence in determining whether a tax benefit requires limitation. A deferred tax liability related to existing taxable temporary differences is a source of evidence for recognition of a tax benefit when all of the following conditions exist:
  1. a
    An entity anticipates an ordinary loss for the fiscal year or has a year-to-date ordinary loss in excess of the anticipated ordinary loss for the fiscal year.
  2. b
    The tax benefit of that loss is not expected to be realized during the year.
  3. c
    Recognition of a deferred tax asset for that loss at the end of the fiscal year is expected to depend on taxable income from the reversal of existing taxable temporary differences (that is, a higher deferred tax asset valuation allowance would be necessary absent the existing taxable temporary differences).
The requirement to consider the reversal of existing taxable temporary differences is illustrated in Example 2, Case D (see paragraph 740-270-55-21).
","snippet":"The reversal of existing taxable temporary differences may be a source of evidence in determining whether a tax benefit requires limitation. A deferred tax liability related to existing taxable temporary differences is a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3a8f181649fa0527a23e01439b75f83c64a44c03f7d3a4c4c72b2f0c2c15593","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-33","para":"30-33","html":"
If the tax benefit relates to an estimated ordinary loss for the fiscal year, it shall be considered in determining the estimated annual effective tax rate described in paragraphs
740-270-30-6 through 30-8
. If the tax benefit relates to a year-to-date ordinary loss, it shall be considered in computing the maximum tax benefit that shall be recognized for the year to date.
","snippet":"If the tax benefit relates to an estimated ordinary loss for the fiscal year, it shall be considered in determining the estimated annual effective tax rate described in paragraphs 740-270-30-6 through 30-8. If the tax be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:89bdfd46893b0fd1f506eb7e897e93a33fbbfe3ba5b869fb8280fc4300acb8f3","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-34","para":"30-34","html":"
See Example 2, Cases A1 and A2; B; and C1 and C2 (paragraphs
740-270-55-15 through 55-17
and
740-270-55-19 through 55-20
) for illustrations of computations involving operating losses, and Example 1, Cases B2 and B3 (see paragraphs
740-270-55-7 through 55-8
) for illustrations of special year-to-date limitation computations.
","snippet":"See Example 2, Cases A1 and A2; B; and C1 and C2 (paragraphs 740-270-55-15 through 55-17 and 740-270-55-19 through 55-20) for illustrations of computations involving operating losses, and Example 1, Cases B2 and B3 (see …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec9e1f6f18c90191e36b76a9b1cf4e36ea05008c1e8e670930cbdccf6b78f414","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a4aa6380a9afe9d716650db4659eecff5fe2fc59911277502cdff733af033ad","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"block":null,"heading":"Multiple Tax Jurisdictions","paragraphs":[{"citation":"270-740-30-35","para":"30-35","html":"
This guidance addresses possible changes to the general interim period income tax expense methodology when an entity is subject to tax in multiple jurisdictions.
","snippet":"This guidance addresses possible changes to the general interim period income tax expense methodology when an entity is subject to tax in multiple jurisdictions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1a4dc0be118426c928a236e962c22871c79bc967b53425c4521189c05eb69c0","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-36","para":"30-36","html":"
If an entity that is subject to tax in multiple jurisdictions pays taxes based on identified income in one or more individual jurisdictions, interim period tax (or benefit) related to consolidated ordinary income (or loss) for the year to date shall be computed in accordance with the requirements of this Subtopic using one overall estimated annual effective tax rate with the following exceptions:
  1. a
    If in a separate jurisdiction an entity anticipates an ordinary loss for the fiscal year or has an ordinary loss for the year to date for which, in accordance with paragraphs
    740-270-30-30 through 30-33
    , no tax benefit can be recognized, the entity shall exclude ordinary income (or loss) in that jurisdiction and the related tax (or benefit) from the overall computations of the estimated annual effective tax rate and interim period tax (or benefit). A separate estimated annual effective tax rate shall be computed for that jurisdiction and applied to ordinary income (or loss) in that jurisdiction in accordance with the methodology otherwise required by this Subtopic.
  2. b
    If an entity is unable to estimate an annual effective tax rate in a foreign jurisdiction in dollars or is otherwise unable to make a reliable estimate of its ordinary income (or loss) or of the related tax (or benefit) for the fiscal year in a jurisdiction, the entity shall exclude ordinary income (or loss) in that jurisdiction and the related tax (or benefit) from the overall computations of the estimated annual effective tax rate and interim period tax (or benefit). The tax (or benefit) related to ordinary income (or loss) in that jurisdiction shall be recognized in the interim period in which the ordinary income (or loss) is reported. The tax (or benefit) related to ordinary income (or loss) in a jurisdiction may not be limited to tax (or benefit) in that jurisdiction. It might also include tax (or benefit) in another jurisdiction that results from providing taxes on unremitted earnings, foreign tax credits, and so forth.
See Example 5, Cases A; B; and C (paragraphs
740-270-55-39 through 55-43
) for illustrations of accounting for income taxes applicable to ordinary income if an entity is subject to tax in multiple jurisdictions.
","snippet":"If an entity that is subject to tax in multiple jurisdictions pays taxes based on identified income in one or more individual jurisdictions, interim period tax (or benefit) related to consolidated ordinary income (or los…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:164827f68e64bd648fdcdc158a7457fcc82d37178b8f324ea6aa97296779fdfb","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:761f02b9ef771efc52f79f4ebbbe7782b2cbad77c1e0de665d47b65377f2ca1a","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"block":null,"heading":"Accounting for Income Taxes Applicable to the Cumulative Effect of a Change in Accounting Principle","paragraphs":[{"citation":"270-740-30-37","para":"30-37","html":"
Topic 250 establishes the accounting requirements related to recording the effect of a change in accounting principle. The guidance in this Subtopic addresses issues related to the measurement of the tax effect in interim periods associated with those changes.
","snippet":"Topic 250 establishes the accounting requirements related to recording the effect of a change in accounting principle. The guidance in this Subtopic addresses issues related to the measurement of the tax effect in interi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21091b119c2f65f34e5639b31b23f399d05472f7cfeab7da19aac95e90249d31","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-38","para":"30-38","html":"
The tax (or benefit) applicable to the cumulative effect of the change on retained earnings at the beginning of the fiscal year shall be computed the same as for the annual financial statements.
","snippet":"The tax (or benefit) applicable to the cumulative effect of the change on retained earnings at the beginning of the fiscal year shall be computed the same as for the annual financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ea0d13815b1ba0d36d1189c0692bdb8e6783401aad7c113fe7c34228132da76","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"citation":"270-740-30-39","para":"30-39","html":"
When an entity makes an accounting change in other than the first interim period of the entity's fiscal year, paragraph 250-10-45-14, requires that financial information for the prechange interim periods of the fiscal year shall be reported by retrospectively applying the newly adopted accounting principle to those prechange interim periods. The tax (or benefit) applicable to those prechange interim periods shall be recomputed. The revised tax (or benefit) shall reflect the year-to-date amounts and annual estimates originally used for the prechange interim periods, modified only for the effect of the change in accounting principle on those year-to-date and estimated annual amounts.
","snippet":"When an entity makes an accounting change in other than the first interim period of the entity's fiscal year, paragraph 250-10-45-14, requires that financial information for the prechange interim periods of the fiscal ye…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c529f4cca21a714a6616fe267d4839aa7be1ba84c6680cce74c9256ea988777","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7e6c56b4e130c6ac0d194b746179033abc63c29fcb10aed07ae8946f23fdd80","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42619c8857a64a7dbe8e221cab5bbf2c1dc4638ff9564192bf54e694341568fb","downloaded_from":"2026-09-09T23:20:34.642Z","last_downloaded_at":"2026-09-09T23:20:34.642Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478204","source_sha256":"4ea31ae4815d29f82f3bf89174573e9f77d0e65830fe1fd988c5139384e6d491"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-740-35-1","para":"35-1","html":"
This guidance addresses the accounting for interim period income tax expense (or benefit) in periods subsequent to an entity's first interim period within a fiscal year. See Section 740-270-30 for a description of and requirements related to the determination of the estimated annual effective tax rate.
","snippet":"This guidance addresses the accounting for interim period income tax expense (or benefit) in periods subsequent to an entity's first interim period within a fiscal year. See Section 740-270-30 for a description of and re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ee687a1b0dc4e7ec44595b1a62c575448c5e6e8cc1817764504141d24e2ff97","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}},{"citation":"270-740-35-2","para":"35-2","html":"
The estimated annual effective tax rate is described in paragraphs
740-270-30-6 through 30-8
. As indicated in paragraph 740-270-30-18, estimates of the annual effective tax rate at the end of interim periods are, of necessity, based on evaluations of possible future events and transactions and may be subject to subsequent refinement or revision. If a reliable estimate cannot be made, the actual effective tax rate for the year to date may be the best estimate of the annual effective tax rate.
","snippet":"The estimated annual effective tax rate is described in paragraphs 740-270-30-6 through 30-8. As indicated in paragraph 740-270-30-18, estimates of the annual effective tax rate at the end of interim periods are, of nece…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:771e5411fbd99c7826d58f4e780e00c7ed85edcb81a1de285e9692aba76a7d53","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}},{"citation":"270-740-35-3","para":"35-3","html":"
As indicated in paragraph 740-270-30-6, at the end of each successive interim period the entity shall make its best estimate of the effective tax rate expected to be applicable for the full fiscal year. As indicated in paragraph 740-270-30-8, the rate so determined shall be used in providing for income taxes on a current year-to-date basis. The rate shall be revised, if necessary, as of the end of each successive interim period during the fiscal year to the entity's best current estimate of its annual effective tax rate.
","snippet":"As indicated in paragraph 740-270-30-6, at the end of each successive interim period the entity shall make its best estimate of the effective tax rate expected to be applicable for the full fiscal year. As indicated in p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2389069669ce4a083f849960db38b065604872f95db6dab9f49d15b83bf9e58a","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}},{"citation":"270-740-35-4","para":"35-4","html":"
As indicated in paragraph 740-270-30-5, the estimated annual effective tax rate shall be applied to the year-to-date ordinary income (or loss) at the end of each interim period to compute the year-to-date tax (or benefit) applicable to ordinary income (or loss). The interim period tax (or benefit) related to ordinary income (or loss) shall be the difference between the amount so computed and the amounts reported for previous interim periods of the fiscal year.
","snippet":"As indicated in paragraph 740-270-30-5, the estimated annual effective tax rate shall be applied to the year-to-date ordinary income (or loss) at the end of each interim period to compute the year-to-date tax (or benefit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d680863c76964423f136b6a9b73f63692c10d35ff317c5c752127e32263dff4","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}},{"citation":"270-740-35-5","para":"35-5","html":"
One result of the year-to-date computation is that, if the tax benefit of an ordinary loss that occurs in the early portions of the fiscal year is not recognized because it is more likely than not that the tax benefit will not be realized, tax is not provided for subsequent ordinary income until the unrecognized tax benefit of the earlier ordinary loss is offset (see paragraphs
740-270-25-9 through 25-11
). As indicated in paragraph 740-270-30-31, the limitations described in paragraph 740-270-25-9 shall be applied in determining the estimated tax benefit of an ordinary loss for the fiscal year, used to determine the estimated annual effective tax rate, and the year-to-date tax benefit of a loss. As indicated in paragraph 740-270-30-33, if the tax benefit relates to an estimated ordinary loss for the fiscal year, it shall be considered in determining the estimated annual effective tax rate described in paragraphs
740-270-30-6 through 30-8
. If the tax benefit relates to a year-to-date ordinary loss, it shall be considered in computing the maximum tax benefit that shall be recognized for the year to date.
","snippet":"One result of the year-to-date computation is that, if the tax benefit of an ordinary loss that occurs in the early portions of the fiscal year is not recognized because it is more likely than not that the tax benefit wi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9fed81237aad430184d09c7a8926264291b664260ec36d807939571b5116555","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}},{"citation":"270-740-35-6","para":"35-6","html":"
A change in judgment that results in subsequent recognition, derecognition, or change in measurement of a tax position taken in a prior interim period within the same fiscal year is an integral part of an annual period and, consequently, shall be reflected as such under the requirements of this Subtopic. This requirement differs from the requirement in paragraph 740-10-25-15 applicable to a change in judgment that results in subsequent recognition, derecognition, or a change in measurement of a tax position taken in a prior annual period, which requires that the change (including any related interest and penalties) be recognized as a discrete item in the period in which the change occurs.
","snippet":"A change in judgment that results in subsequent recognition, derecognition, or change in measurement of a tax position taken in a prior interim period within the same fiscal year is an integral part of an annual period a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46c412ea9a439b7c51135ee3d44579c954551ff25c18b5ebeb59918e3e639e25","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}},{"citation":"270-740-35-7","para":"35-7","html":"
See Example 1, Case C (paragraph 740-270-55-9) for an illustration of how changes in estimates impact quarterly income tax computations.
","snippet":"See Example 1, Case C (paragraph 740-270-55-9) for an illustration of how changes in estimates impact quarterly income tax computations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84c1ea43d4e987b6190565d18119b4397e0fd1d92b8a8cc66172566643cf9505","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:52995ab967ea18e9e635d2a5baa84df20d4f2b4346912388c705cbd4adf4bfd6","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:024ceefa0e6e88008d1004a6f82b118c5ba705f9fb76afe8d740b82a73ced628","downloaded_from":"2026-09-09T23:20:37.242Z","last_downloaded_at":"2026-09-09T23:20:37.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479218","source_sha256":"b7c944181b7c24b1a45ad21c8664015e155f2bfa8206e21f30f26c04d4e59a4e"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-740-45-1","para":"45-1","html":"
Subtopic 740-20 establishes requirements to allocate total income tax expense (or benefit) of an entity for a period to different components of comprehensive income and shareholders' equity. That process is referred to as intraperiod tax allocation. This Section addresses that required allocation of income tax expense (or benefit) in interim periods.
","snippet":"Subtopic 740-20 establishes requirements to allocate total income tax expense (or benefit) of an entity for a period to different components of comprehensive income and shareholders' equity. That process is referred to a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61ef78a8510b42912fc9b2c1e58066999aebef0635e7049612b23004139274cd","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"citation":"270-740-45-2","para":"45-2","html":"
Section 740-20-45 describes the method of applying tax allocation within a period. The tax allocation computation shall be made using the estimated fiscal year ordinary income together with unusual items, infrequently occurring items, and discontinued operations for the year-to-date period.
","snippet":"Section 740-20-45 describes the method of applying tax allocation within a period. The tax allocation computation shall be made using the estimated fiscal year ordinary income together with unusual items, infrequently oc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:659344d37ac4dcb9d09898aedf12990d229521e77020065b523d205fbeb29349","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"citation":"270-740-45-3","para":"45-3","html":"
Discontinued operations that will be presented net of related tax effects in the financial statements for the fiscal year shall be presented net of related tax effects in interim financial statements. Unusual or infrequently occurring items that will be separately disclosed in the financial statements for the fiscal year shall be separately disclosed as a component of pretax income from continuing operations, and the tax (or benefit) related to those items shall be included in the tax (or benefit) related to continuing operations. See paragraphs
740-270-25-12 through 25-14
for interim period recognition guidance when an entity has a significant unusual or infrequently occurring loss or a loss from discontinued operations. See paragraphs
740-270-45-7 through 45-8
for the application of interim period allocation requirements to recognized income tax expense (or benefit) and discontinued operations. See Example 7 (paragraph 740-270-55-52) for an illustration of the income statement display of these items.
","snippet":"Discontinued operations that will be presented net of related tax effects in the financial statements for the fiscal year shall be presented net of related tax effects in interim financial statements. Unusual or infreque…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:220e5068d7f436fc6a149a77fd122da400035e0e7b391ceea76378dff3bb1e0c","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"citation":"270-740-45-4","para":"45-4","html":"
Paragraph 740-20-45-3 requires that the manner of reporting the tax benefit of an operating loss carryforward recognized in a subsequent year generally is determined by the source of the income in that year and not by the source of the operating loss carryforward or the source of expected future income that will result in realization of a deferred tax asset for the operating loss carryforward. The tax benefit is allocated first to reduce tax expense from continuing operations to zero with any excess allocated to the other source(s) of income that provides the means of realization, for example, discontinued operations, other comprehensive income, and so forth. That requirement also pertains to reporting the tax benefit of an operating loss carryforward in interim periods.
","snippet":"Paragraph 740-20-45-3 requires that the manner of reporting the tax benefit of an operating loss carryforward recognized in a subsequent year generally is determined by the source of the income in that year and not by th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c2d637c307f888109f7fbe0990f1b03dca27d6cc02d4dd1c6130a19f1d70763","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"citation":"270-740-45-5","para":"45-5","html":"
Paragraph 740-270-25-11 establishes the requirement that when the tax effects of losses that arise in the early portions of a fiscal year are not recognized in that interim period, no tax provision shall be made for income that arises in later interim periods until the tax effects of the previous interim losses are utilized.
","snippet":"Paragraph 740-270-25-11 establishes the requirement that when the tax effects of losses that arise in the early portions of a fiscal year are not recognized in that interim period, no tax provision shall be made for inco…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6752b90c27d17a5c7c04a3ad667950cca05013b98b8459202549e6b81ab3c567","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e83f7d7f8a86ef69b2c3cbf686bdfaf318d1a2c1be459c2c9777c201494e2053","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"block":null,"heading":"Specific Requirements Applicable to Discontinued Operations","paragraphs":[{"citation":"270-740-45-6","para":"45-6","html":"
This guidance addresses specific requirements for the intraperiod allocation of income taxes in interim periods when there are discontinued operations.
","snippet":"This guidance addresses specific requirements for the intraperiod allocation of income taxes in interim periods when there are discontinued operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5d8b0519700b10d68be75ffc0fdb2f131ebfc1b429e9ef00a3d78b40a3f8c5a","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"citation":"270-740-45-7","para":"45-7","html":"
When an entity reports discontinued operations, the computations described in paragraphs
740-270-25-12 through 25-14
,
740-270-30-11 through 30-13
, and
740-270-45-2 through 45-3
shall be the basis for the tax (or benefit) related to the income (or loss) from operations of the discontinued operation before the date on which the criteria in paragraph 205-20-45-1E are met.
","snippet":"When an entity reports discontinued operations, the computations described in paragraphs 740-270-25-12 through 25-14, 740-270-30-11 through 30-13, and 740-270-45-2 through 45-3 shall be the basis for the tax (or benefit)…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1e835aa76e3403a9a8877e5cf92728d3c7b903792cfb37101edb4249fab63e3","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"citation":"270-740-45-8","para":"45-8","html":"
Income (or loss) from operations of the discontinued operation, prior to the interim period in which the date on which the criteria in paragraph 205-20-45-1E are met occurs, will have been included in ordinary income (or loss) of prior periods and thus will have been included in the estimated annual effective tax rate and tax (or benefit) calculations described in Sections 740-270-30 and 740-270-35 applicable to ordinary income. The total tax (or benefit) provided in the prior interim periods shall not be recomputed but shall be divided into two components, applicable to the remaining ordinary income (or loss) and to the income (or loss) from operations of the discontinued operation as follows. A revised estimated annual effective tax rate and resulting tax (or benefit) shall be computed, in accordance with Sections 740-270-30 and 740-270-35 applicable to ordinary income, for the remaining ordinary income (or loss), on the basis of the estimates applicable to such operations used in the original calculations for each prior interim period. The tax (or benefit) related to the operations of the discontinued operation shall be the total of:
  1. a
    The difference between the tax (or benefit) originally computed for ordinary income (or loss) and the recomputed amount for the remaining ordinary income (or loss)
  2. b
    The tax computed in accordance with paragraphs
    740-270-25-12 through 25-14
    ;
    740-270-30-11 through 30-13
    ; and
    740-270-45-2 through 45-3
    for any unusual or infrequently occurring items of the discontinued operation.
See Example 4 (paragraph 740-270-55-29) for an illustration of accounting for income taxes applicable to income (or loss) from discontinued operations at an interim date.
","snippet":"Income (or loss) from operations of the discontinued operation, prior to the interim period in which the date on which the criteria in paragraph 205-20-45-1E are met occurs, will have been included in ordinary income (or…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a02d4e1a10a4876b9b6399be2ef266503cd3f279cdb4bc8388992e94f007d2b","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc885726a5e34d22ea0172c863bb6a3c16e5b68d1a33e0c123daee291ac44aed","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7387dbff71738c1c1c42d6d229e26b04e18a1eea9c97bde226aae629220f556f","downloaded_from":"2026-09-09T23:20:40.016Z","last_downloaded_at":"2026-09-09T23:20:40.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477349","source_sha256":"09d12f32fc63c897fcc7b804c351d3ee2bf3fdf8aa5eed1f4eef9df3368a914d"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Variations in Customary Income Tax Expense Relationships","paragraphs":[{"citation":"270-740-50-1","para":"50-1","html":"
Application of the requirements for accounting for income taxes in interim periods may result in a significant variation in the customary relationship between income tax expense and pretax accounting income. The reasons for significant variations in the customary relationship between income tax expense and pretax accounting income shall be disclosed in the interim period financial statements if they are not otherwise apparent from the financial statements or from the nature of the entity's business.
","snippet":"Application of the requirements for accounting for income taxes in interim periods may result in a significant variation in the customary relationship between income tax expense and pretax accounting income. The reasons …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8cbada44a1f2e64565b36ddc04a677c0a775bf12e521bef08001899f3a994c92","downloaded_from":"2026-09-09T23:20:42.950Z","last_downloaded_at":"2026-09-09T23:20:42.950Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477891","source_sha256":"422e5b33b7379b05c75de63ae5f719e4197a62371a27ea85b45dacdce04b2c38"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b481728dbecb35d14e26d268c5874dcd98ff8a9dfdebbc140bdd8c633112522a","downloaded_from":"2026-09-09T23:20:42.950Z","last_downloaded_at":"2026-09-09T23:20:42.950Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477891","source_sha256":"422e5b33b7379b05c75de63ae5f719e4197a62371a27ea85b45dacdce04b2c38"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d812bc71a972b59340d7dfe0caa801024d5dac0f7dd1bccd8c582c49fd34eef","downloaded_from":"2026-09-09T23:20:42.950Z","last_downloaded_at":"2026-09-09T23:20:42.950Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477891","source_sha256":"422e5b33b7379b05c75de63ae5f719e4197a62371a27ea85b45dacdce04b2c38"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-740-55-1","para":"55-1","html":"
This Section, which is an integral part of the requirements of this Subtopic, provides Examples of applying the required accounting for interim period income taxes to some specific situations. In general, the Examples illustrate matters unique to accounting for income taxes at interim dates. The Examples do not include consideration of the nature of tax credits and events that do not have tax consequences or illustrate all possible combinations of circumstances.
","snippet":"This Section, which is an integral part of the requirements of this Subtopic, provides Examples of applying the required accounting for interim period income taxes to some specific situations. In general, the Examples il…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26ba579cd8e276773b645f6cf1ffb5b4ecf1772245bbf84acf3e22605b7640ea","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:369e54e1a34873bb7060216a14ced3dc9a5dd4e0837b4c897078e81a07b7893f","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"270-740-55-2","para":"55-2","html":"
The following Cases illustrate the guidance in Sections 740-270-30 and 740-270-35 for accounting for income taxes applicable to ordinary income (or loss) at an interim date if ordinary income is anticipated for the fiscal year:
  1. a
    Ordinary income in all interim periods (Case A)
  2. b
    Ordinary income and losses in interim periods (Case B)
  3. c
    Changes in estimates (Case C).
","snippet":"The following Cases illustrate the guidance in Sections 740-270-30 and 740-270-35 for accounting for income taxes applicable to ordinary income (or loss) at an interim date if ordinary income is anticipated for the fisca…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b7863c72984e82defade13eed289eba5bae0934a313ad117aa4fdbae07a9dc5","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-3","para":"55-3","html":"
Cases A and B share all of the following assumptions:
  1. a
    For the full fiscal year, an entity anticipates ordinary income of $100,000. All income is taxable in one jurisdiction at a 50 percent rate. Anticipated tax credits for the fiscal year total $10,000. No events that do not have tax consequences are anticipated. No changes in estimated ordinary income, tax rates, or tax credits occur during the year.
  2. b
    Computation of the estimated annual effective tax rate applicable to ordinary income is as follows.
    • \"Tax at statutory rate ($100,000 at 50%)\" \" $50,000 \" Less anticipated tax credits \" (10,000)\" Net tax to be provided \" $40,000 \" \"Estimated annual effective tax rate ($40,000 ÷ $100,000)\" 40%
  3. c
    Tax credits are generally subject to limitations, usually based on the amount of tax payable before the credits. In computing the estimated annual effective tax rate, anticipated tax credits are limited to the amounts that are expected to be realized or are expected to be recognizable at the end of the current year in accordance with the provisions of Subtopic 740-10. If an entity is unable to estimate the amount of its tax credits for the year, see paragraphs
    740-270-30-17 through 30-18
    .
","snippet":"Cases A and B share all of the following assumptions:\n(a) For the full fiscal year, an entity anticipates ordinary income of $100,000. All income is taxable in one jurisdiction at a 50 percent rate. Anticipated tax credi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09dc21ee49cabab29893d59fb3a0c1df65ffdc31f963ce23bbb16928799c5ccc","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-4","para":"55-4","html":"
The entity has ordinary income in all interim periods. Quarterly tax computations are as follows.
","snippet":"The entity has ordinary income in all interim periods. Quarterly tax computations are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2503fb65f4feb11c3b42a331138ed2f3f00a171eac89502ab444118871a6dba","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-5","para":"55-5","html":"
The following Cases illustrate ordinary income and losses in interim periods:
  1. a
    Year-to-date ordinary income (Case B1)
  2. b
    Year-to-date ordinary losses, realization more likely than not (Case B2)
  3. c
    Year-to-date ordinary losses, realization not more likely than not (Case B3).
","snippet":"The following Cases illustrate ordinary income and losses in interim periods:\n(a) Year-to-date ordinary income (Case B1)\n(b) Year-to-date ordinary losses, realization more likely than not (Case B2)\n(c) Year-to-date ordin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55752622078799ed5cdadf0a4c04bd31a37b14d0e70b311868581dbfdc446884","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-6","para":"55-6","html":"
The entity has ordinary income and losses in interim periods; there is not an ordinary loss for the fiscal year to date at the end of any interim period. Quarterly tax computations are as follows.
","snippet":"The entity has ordinary income and losses in interim periods; there is not an ordinary loss for the fiscal year to date at the end of any interim period. Quarterly tax computations are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a6741a11b9ce2aaa240b4144cd8c5b3289a751b4fc44e4380206aa8ecfe76ef9","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-7","para":"55-7","html":"
The entity has ordinary income and losses in interim periods, and there is an ordinary loss for the year to date at the end of an interim period. Established seasonal patterns provide evidence that realization in the current year of the tax benefit of the year-to-date loss and of anticipated tax credits is more likely than not. Quarterly tax computations are as follows.
","snippet":"The entity has ordinary income and losses in interim periods, and there is an ordinary loss for the year to date at the end of an interim period. Established seasonal patterns provide evidence that realization in the cur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cce92f2e8b578fc988dfcd27c34190b26e198482f0e8e9b2ced6271c5946fe8","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-8","para":"55-8","html":"
The entity has ordinary income and losses in interim periods, and there is a year-to-date ordinary loss during the year. There is no established seasonal pattern and it is more likely than not that the tax benefit of the year-to-date loss and the anticipated tax credits will not be realized in the current or future years. Quarterly tax computations are as follows.
","snippet":"The entity has ordinary income and losses in interim periods, and there is a year-to-date ordinary loss during the year. There is no established seasonal pattern and it is more likely than not that the tax benefit of the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b24220303df18a958b578794ae7329d4810f1d2646e1d1dac3596922d2db9387","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-9","para":"55-9","html":"
During the fiscal year, all of an entity's operations are taxable in one jurisdiction at a 50 percent rate. No events that do not have tax consequences are anticipated. Estimates of ordinary income for the year and of anticipated credits at the end of each interim period are as shown below. Changes in the estimated annual effective tax rate result from changes in the ratio of anticipated tax credits to tax computed at the statutory rate. Changes consist of an unanticipated strike that reduced income in the second quarter, an increase in the capital budget resulting in an increase in anticipated investment tax credit in the third quarter, and better than anticipated sales and income in the fourth quarter. The entity has ordinary income in all interim periods. Computations of the estimated annual effective tax rate based on the estimate made at the end of each quarter are as follows.
","snippet":"During the fiscal year, all of an entity's operations are taxable in one jurisdiction at a 50 percent rate. No events that do not have tax consequences are anticipated. Estimates of ordinary income for the year and of an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e1afa743729b3ff0b7ca9295c208a06ce6df24bbece194525181005e6e4fbb6","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-10","para":"55-10","html":"
Quarterly tax computations are as follows.
","snippet":"Quarterly tax computations are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21decc2542f0144395669e038afd33401a34725c39f45d855b1eddccd7eb09b9","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-11","para":"55-11","html":"
The following Cases illustrate the guidance in Section 740-270-30 for accounting for income taxes applicable to ordinary income (or loss) at an interim date if an ordinary loss is anticipated for the fiscal year:
  1. a
    Realization of the tax benefit of the loss is more likely than not (Case A)
  2. b
    Realization of the tax benefit of the loss is not more likely than not (Case B)
  3. c
    Partial realization of the tax benefit of the loss is more likely than not (Case C)
  4. d
    Reversal of net deferred tax credits (Case D).
","snippet":"The following Cases illustrate the guidance in Section 740-270-30 for accounting for income taxes applicable to ordinary income (or loss) at an interim date if an ordinary loss is anticipated for the fiscal year:\n(a) Rea…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c5d48e8855c7d08f34eae0b5ca9ab7c104e562454122f4c1da97157993315c43","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-12","para":"55-12","html":"
Cases A, B, and C share the following assumptions.
  1. a
    For the full fiscal year, an entity anticipates an ordinary loss of $100,000. The entity operates entirely in one jurisdiction where the tax rate is 50 percent. Anticipated tax credits for the fiscal year total $10,000. No events that do not have tax consequences are anticipated.
  2. b
    If there is a recognizable tax benefit for the loss and the tax credits pursuant to the requirements of Subtopic 740-10, computation of the estimated annual effective tax rate applicable to the ordinary loss would be as follows.
    • \"Tax benefit at statutory rate ($100,000 at 50%)\" \" $(50,000)\" Tax credits \" (10,000)\" Net tax benefit \" $(60,000)\" \"Estimated annual effective tax rate ($60,000 ÷ $100,000)\" 60%
","snippet":"Cases A, B, and C share the following assumptions.\n(a) For the full fiscal year, an entity anticipates an ordinary loss of $100,000. The entity operates entirely in one jurisdiction where the tax rate is 50 percent. Anti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9acf54fd9cbdd6d537373b8e870e45985d861062a08b571f06caa53c19df3de0","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-13","para":"55-13","html":"
Cases A, B, and C state varying assumptions with respect to assurance of realization of the components of the net tax benefit. When the realization of a component of the benefit is not expected to be realized during the current year or recognizable as a deferred tax asset at the end of the current year in accordance with the provisions of Subtopic 740-10, that component is not included in the computation of the estimated annual effective tax rate.
","snippet":"Cases A, B, and C state varying assumptions with respect to assurance of realization of the components of the net tax benefit. When the realization of a component of the benefit is not expected to be realized during the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:67ebaf4fb393cb0341d1e7454924382691e648bdc4f1ac4fc191e43edee1ffe1","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-14","para":"55-14","html":"
The following Cases illustrate when realization of the tax benefit of the loss is more likely than not:
  1. a
    Ordinary losses in all interim periods (Case A1)
  2. b
    Ordinary income and losses in interim periods (Case A2).
","snippet":"The following Cases illustrate when realization of the tax benefit of the loss is more likely than not:\n(a) Ordinary losses in all interim periods (Case A1)\n(b) Ordinary income and losses in interim periods (Case A2).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0cfccc4f541eb695e8a666b4054fb0cc3f673315cff8ef9d0266539f60b650a8","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-15","para":"55-15","html":"
The entity has ordinary losses in all interim periods. The full tax benefit of the anticipated ordinary loss and the anticipated tax credits will be realized by carryback. Quarterly tax computations are as follows.
","snippet":"The entity has ordinary losses in all interim periods. The full tax benefit of the anticipated ordinary loss and the anticipated tax credits will be realized by carryback. Quarterly tax computations are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1dfc7bc97b070bb416ea71bb635de386f3b6da7dd6cfd29076c2c4db486ab2ae","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-16","para":"55-16","html":"
The entity has ordinary income and losses in interim periods and for the year to date. The full tax benefit of the anticipated ordinary loss and the anticipated tax credits will be realized by carryback. The full tax benefit of the maximum year-to-date ordinary loss can also be realized by carryback. Quarterly tax computations are as follows.
","snippet":"The entity has ordinary income and losses in interim periods and for the year to date. The full tax benefit of the anticipated ordinary loss and the anticipated tax credits will be realized by carryback. The full tax ben…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7083ce29ed19afeb4d7500259123cb31e49686f96e755af078c71053eada3b0c","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-17","para":"55-17","html":"
In Cases A1 and A2, if neither the tax benefit of the anticipated loss for the fiscal year nor anticipated tax credits were recognizable pursuant to Subtopic 740-10, the estimated annual effective tax rate for the year would be zero and no tax (or benefit) would be recognized in any quarter. That conclusion is not affected by changes in the mix of income and loss in interim periods during a fiscal year. However, see paragraph 740-270-30-18.
","snippet":"In Cases A1 and A2, if neither the tax benefit of the anticipated loss for the fiscal year nor anticipated tax credits were recognizable pursuant to Subtopic 740-10, the estimated annual effective tax rate for the year w…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ad4d68d9bf1989297e3d993572f2b9398773c995749f30d47fd2921bd8848bd","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-18","para":"55-18","html":"
The following Cases illustrate when partial realization of the tax benefit of the loss is more likely than not:
  1. a
    Ordinary losses in all interim periods (Case C1)
  2. b
    Ordinary income and losses in interim periods (Case C2).
","snippet":"The following Cases illustrate when partial realization of the tax benefit of the loss is more likely than not:\n(a) Ordinary losses in all interim periods (Case C1)\n(b) Ordinary income and losses in interim periods (Case…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ced6dad0a047552d8482812068dcb3f3b205d1317c3814c33a44b240b07fd768","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-19","para":"55-19","html":"
The entity has an ordinary loss in all interim periods. It is more likely than not that the tax benefit of the loss in excess of $40,000 of prior income available to be offset by carryback ($20,000 of tax at the 50 percent statutory rate) will not be realized. Therefore the estimated annual effective tax rate is 20 percent ($20,000 benefit more likely than not to be realized divided by $100,000 estimated fiscal year ordinary loss). Quarterly tax computations are as follows.
","snippet":"The entity has an ordinary loss in all interim periods. It is more likely than not that the tax benefit of the loss in excess of $40,000 of prior income available to be offset by carryback ($20,000 of tax at the 50 perce…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a87103d5c980d995734cc7a4fa841d98056b11a032483d4919db18361aa339b3","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-20","para":"55-20","html":"
The entity has ordinary income and losses in interim periods and for the year to date. It is more likely than not that the tax benefit of the anticipated ordinary loss in excess of $40,000 of prior income available to be offset by carryback ($20,000 of tax at the 50 percent statutory rate) will not be realized. Therefore the estimated annual effective tax rate is 20 percent ($20,000 benefit more likely than not to be realized divided by $100,000 estimated fiscal year ordinary loss), and the benefit that can be recognized for the year to date is limited to $20,000 (the benefit that is more likely than not to be realized). Quarterly tax computations are as follows.
","snippet":"The entity has ordinary income and losses in interim periods and for the year to date. It is more likely than not that the tax benefit of the anticipated ordinary loss in excess of $40,000 of prior income available to be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e229ce9ae583f95a990036b0d457e4a4a4033aaadf26996fe58be9744123315","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-21","para":"55-21","html":"
The entity anticipates a fiscal year ordinary loss. The loss cannot be carried back, and future profits exclusive of reversing temporary differences are unlikely. Net deferred tax liabilities arising from existing net taxable temporary differences are present. A portion of the existing net taxable temporary differences relating to those liabilities will reverse within the loss carryforward period. Computation of the estimated annual effective tax rate to be used (see paragraphs
740-270-30-32 through 30-33
) is as follows.
","snippet":"The entity anticipates a fiscal year ordinary loss. The loss cannot be carried back, and future profits exclusive of reversing temporary differences are unlikely. Net deferred tax liabilities arising from existing net ta…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d34cad3c8c1011083231c5d9418448ea38bc68f1797d5f378d6f9bc532a5116","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-22","para":"55-22","html":"
Quarterly tax computations are as follows.
","snippet":"Quarterly tax computations are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a699092fd92215caf7800bac9dae64619faba953c30bfa92dee6a29977339a41","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-23","para":"55-23","html":"
Note that changes in the timing of the loss by quarter would not change this computation.
","snippet":"Note that changes in the timing of the loss by quarter would not change this computation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0faf3ddfb2d4a9e672f3da639464084723f7dfd52ad46c72f6ed63bda950cfe1","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-24","para":"55-24","html":"
The following Cases illustrate accounting for income taxes applicable to unusual or infrequently occurring items when ordinary income is expected for the fiscal year:
  1. a
    Realization of the tax benefit is more likely than not at date of occurrence (Case A)
  2. b
    Realization of the tax benefit not more likely than not at date of occurrence (Case B).
","snippet":"The following Cases illustrate accounting for income taxes applicable to unusual or infrequently occurring items when ordinary income is expected for the fiscal year:\n(a) Realization of the tax benefit is more likely tha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75b81f235a1b25c33f841f579b34208af98e0db6f1e246f9a4a38e44ea011ddf","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-25","para":"55-25","html":"
Cases A and B illustrate the computation of the tax (or benefit) applicable to unusual or infrequently occurring items when ordinary income is anticipated for the fiscal year. These Cases are based on the assumptions and computations presented in paragraph 740-270-55-3 and Example 1, Cases A and B (see paragraphs
740-270-55-4 through 55-8
), plus additional information supplied in Cases A and B of this Example. The computation of the tax (or benefit) applicable to the ordinary income is not affected by the occurrence of an unusual or infrequently occurring item; therefore, each Case refers to one or more of the illustrations of that computation in Example 1, Cases A and B (see paragraphs
740-270-55-4 through 55-8
), and does not reproduce the computation and the assumptions. The income statement display for tax (or benefit) applicable to unusual or infrequently occurring items is illustrated in Example 7 (see paragraph 740-270-55-52).
","snippet":"Cases A and B illustrate the computation of the tax (or benefit) applicable to unusual or infrequently occurring items when ordinary income is anticipated for the fiscal year. These Cases are based on the assumptions and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ec4d5c77fdd50afa77759892c886d87bf08d05dd55b697e8a8cf192f3d85847","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-26","para":"55-26","html":"
As explained in paragraph 740-270-55-25, this Case is based on the computations of tax applicable to ordinary income that are illustrated in Example 1, Case A (see paragraph 740-270-55-4). In addition, the entity experiences a tax-deductible unusual or infrequently occurring loss of $50,000 (tax benefit $25,000) in the second quarter. Because the loss can be carried back, it is more likely than not that the tax benefit will be realized at the time of occurrence. Quarterly tax provisions are as follows.
","snippet":"As explained in paragraph 740-270-55-25, this Case is based on the computations of tax applicable to ordinary income that are illustrated in Example 1, Case A (see paragraph 740-270-55-4). In addition, the entity experie…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ccb6a0089b7b4273c914f5b0c2f597cb368f6f69343571276f89ea405ef39ce","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-27","para":"55-27","html":"
Note that changes in assumptions would not change the timing of the recognition of the tax benefit applicable to the unusual or infrequently occurring item as long as realization is more likely than not.
","snippet":"Note that changes in assumptions would not change the timing of the recognition of the tax benefit applicable to the unusual or infrequently occurring item as long as realization is more likely than not.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ccd0cc55db70de7edc21e2e8322d6436dc44e6526a8fae79f80d59643ba9167","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-28","para":"55-28","html":"
As explained in paragraph 740-270-55-25, this Case is based on the computations of tax applicable to ordinary income that are illustrated in Example 1, Cases A and B1 (see paragraphs
740-270-55-4 through 55-6
). In addition, the entity experiences a tax-deductible unusual or infrequently occurring loss of $50,000 (potential benefit $25,000) in the second quarter. The loss cannot be carried back, and available evidence indicates that a valuation allowance is needed for all of the deferred tax asset. As a result, the tax benefit of the unusual or infrequently occurring loss is recognized only to the extent of offsetting ordinary income for the year to date. Quarterly tax provisions under two different assumptions for the occurrence of ordinary income are as follows.
","snippet":"As explained in paragraph 740-270-55-25, this Case is based on the computations of tax applicable to ordinary income that are illustrated in Example 1, Cases A and B1 (see paragraphs 740-270-55-4 through 55-6). In additi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c0dad3c1218e6116bb207c4063e515fb803d6e6a4fafafccdfb074e7cdfb296","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-29","para":"55-29","html":"
This Example illustrates the guidance in paragraph 740-270-45-7. An entity anticipates ordinary income for the year of $100,000 and tax credits of $10,000. The entity has ordinary income in all interim periods. The estimated annual effective tax rate is 40 percent, computed as follows.
","snippet":"This Example illustrates the guidance in paragraph 740-270-45-7. An entity anticipates ordinary income for the year of $100,000 and tax credits of $10,000. The entity has ordinary income in all interim periods. The estim…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef35be00044ad6cfc2d0e350c9a0e7802d2d7b31c5a63a3d590810d48d0f393b","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-30","para":"55-30","html":"
Quarterly tax computations for the first two quarters are as follows.
","snippet":"Quarterly tax computations for the first two quarters are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59cd8da04324e8befaefeef843dd5e9de53ac98c5550c9d88834e0474c70aea7","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-31","para":"55-31","html":"
In the third quarter a decision is made to discontinue the operations of Division X, a segment of the business that has recently operated at a loss (before income taxes). The pretax income (and losses) of the continuing operations of the entity and of Division X through the third quarter and the estimated fourth quarter results are as follows.
","snippet":"In the third quarter a decision is made to discontinue the operations of Division X, a segment of the business that has recently operated at a loss (before income taxes). The pretax income (and losses) of the continuing …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2ed048052fe4e032080319ecb996dd92296ba2da746eea9750b507ae0723756","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-32","para":"55-32","html":"
No changes have occurred in continuing operations that would affect the estimated annual effective tax rate. Anticipated annual tax credits of $10,000 included $2,000 of credits related to the operations of Division X. The revised estimated annual effective tax rate applicable to ordinary income from continuing operations is 45 percent, computed as follows.
","snippet":"No changes have occurred in continuing operations that would affect the estimated annual effective tax rate. Anticipated annual tax credits of $10,000 included $2,000 of credits related to the operations of Division X. T…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ba9c338fed7841dc3239fcea8ff8e3a5a73ec88a4337eb041a5c05fadf9a5d5","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-33","para":"55-33","html":"
Quarterly computations of tax applicable to ordinary income from continuing operations are as follows.
","snippet":"Quarterly computations of tax applicable to ordinary income from continuing operations are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bdd387ef44eefd97fa5d6ea57b780a2f837e22bb6a8d84d98b39ad1037e09f2","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-34","para":"55-34","html":"
Tax benefit applicable to Division X for the first two quarters is computed as follows.
","snippet":"Tax benefit applicable to Division X for the first two quarters is computed as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55a69255978ecd8fa559e5f0ebd500b882c51bef2d9fd79966d87d77d7274cbe","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-35","para":"55-35","html":"
The third quarter tax benefits applicable to both the loss from operations and the provision for loss on disposal of Division X are computed based on estimated annual income with and without the effects of the Division X losses. Current year tax credits related to the operations of Division X have not been recognized. It is assumed that the tax benefit of those credits will not be realized because of the discontinuance of Division X operations. Any reduction in tax benefits resulting from recapture of previously recognized tax credits resulting from discontinuance or current year tax credits applicable to the discontinued operations would be reflected in the tax benefit recognized for the loss on disposal or loss from operations as appropriate. If, because of capital gains and losses, and so forth, the individually computed tax effects of the items do not equal the aggregate tax effects of the items, the aggregate tax effects are allocated to the individual items in the same manner that they will be allocated in the annual financial statements. The computations are as follows.
","snippet":"The third quarter tax benefits applicable to both the loss from operations and the provision for loss on disposal of Division X are computed based on estimated annual income with and without the effects of the Division X…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2bd46e9f07a7f608c09128cba9248ea0c0e01f7f893f268068f4777fad634118","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-36","para":"55-36","html":"
The resulting revised quarterly tax provisions are summarized as follows.
","snippet":"The resulting revised quarterly tax provisions are summarized as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5d378efecfe11086c8acd1eac346feabb4744011bc5d9683e760a9bede4c3dd","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-37","para":"55-37","html":"
The following Cases illustrate the guidance in paragraph 740-270-30-36 for accounting for income taxes applicable to ordinary income if an entity is subject to tax in multiple jurisdictions:
  1. a
    Ordinary income in all jurisdictions (Case A)
  2. b
    Ordinary loss in a jurisdiction; realization of the tax benefit not more likely than not (Case B)
  3. c
    Ordinary income or tax cannot be estimated in one jurisdiction (Case C).
","snippet":"The following Cases illustrate the guidance in paragraph 740-270-30-36 for accounting for income taxes applicable to ordinary income if an entity is subject to tax in multiple jurisdictions:\n(a) Ordinary income in all ju…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:742f57bb96b9ee2509c40ab96b80380d25cdaa98f3b516d7159cd005d0d87792","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-38","para":"55-38","html":"
Cases A, B, and C assume that an entity operates through separate corporate entities in two countries. Applicable tax rates are 50 percent in the United States and 20 percent in Country A. The entity has no unusual or infrequently occurring items during the fiscal year and anticipates no tax credits or events that do not have tax consequences. (The effect of foreign tax credits and the necessity of providing tax on undistributed earnings are ignored because of the wide range of tax planning alternatives available.) For the full fiscal year the entity anticipates ordinary income of $60,000 in the United States and $40,000 in Country A. The entity is able to make a reliable estimate of its Country A ordinary income and tax for the fiscal year in dollars. Computation of the overall estimated annual effective tax rate in Cases B and C is based on additional assumptions stated in those Cases.
","snippet":"Cases A, B, and C assume that an entity operates through separate corporate entities in two countries. Applicable tax rates are 50 percent in the United States and 20 percent in Country A. The entity has no unusual or in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f036837513236feb67fcbc199bb7911475f37ca4392776629ed7b9b3c04d719d","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-39","para":"55-39","html":"
Computation of the overall estimated annual effective tax rate is as follows.
","snippet":"Computation of the overall estimated annual effective tax rate is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b70be281e9c045340390eb2c2f3ae52831fc78dbbf2a128d2141730d9921b5aa","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-40","para":"55-40","html":"
Quarterly tax computations are as follows.
","snippet":"Quarterly tax computations are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fc27a71196839d6c74a55f8b444c023a0e4128dc62e63ca29fc7b40bdbdffae","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-41","para":"55-41","html":"
In this Case, the entity operates through a separate corporate entity in Country B. Applicable tax rates in Country B are 40 percent. Operations in Country B have resulted in losses in recent years and an ordinary loss is anticipated for the current fiscal year in Country B. It is expected that the tax benefit of those losses will not be recognizable as a deferred tax asset at the end of the current year pursuant to Subtopic 740-10; accordingly, no tax benefit is recognized for losses in Country B, and interim period tax (or benefit) is separately computed for the ordinary loss in Country B and for the overall ordinary income in the United States and Country A. The tax applicable to the overall ordinary income in the United States and Country A is computed as in Case A of this Example. Quarterly tax provisions are as follows.
","snippet":"In this Case, the entity operates through a separate corporate entity in Country B. Applicable tax rates in Country B are 40 percent. Operations in Country B have resulted in losses in recent years and an ordinary loss i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36701a0c08523613c371dd16ab94f27ac13be715d7d13414121c30f6e96d2125","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-42","para":"55-42","html":"
In this Case, the entity operates through a separate corporate entity in Country C. Applicable tax rates in Country C are 40 percent in foreign currency. Depreciation in that country is large and exchange rates have changed in prior years. The entity is unable to make a reasonable estimate of its ordinary income for the year in Country C and thus is unable to reasonably estimate its annual effective tax rate in Country C in dollars. Accordingly, tax (or benefit) in Country C is separately computed as ordinary income (or loss) occurs in Country C. The tax applicable to the overall ordinary income in the United States and Country A is computed as in Case A of this Example. Quarterly computations of tax applicable to Country C are as follows.
","snippet":"In this Case, the entity operates through a separate corporate entity in Country C. Applicable tax rates in Country C are 40 percent in foreign currency. Depreciation in that country is large and exchange rates have chan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e7dccc6eace585cbf8f8b8c67b63b1209ae54e51401f28064538b4cd16015e8","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-43","para":"55-43","html":"
Quarterly tax provisions are as follows.
","snippet":"Quarterly tax provisions are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c00a8fe5c92e2ce8738fe0278a6765f02ef6deaccfe38ce832381655c0433e6","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-44","para":"55-44","html":"
The following Cases illustrate the guidance in paragraphs
740-270-25-5 through 25-6
for accounting in interim periods for the effect of new tax legislation on income taxes when legislation is effective in a future interim period.
  1. a
    Subparagraph superseded by Accounting Standards Update No. 2019-12.
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2019-12.
","snippet":"The following Cases illustrate the guidance in paragraphs 740-270-25-5 through 25-6 for accounting in interim periods for the effect of new tax legislation on income taxes when legislation is effective in a future interi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:595a23a4a1bed8eb4d9ea75aa6c6f7be2594d73cb79c558eb3920099decc9cca","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-45","para":"55-45","html":"
The assumed facts applicable to this Example follow.
","snippet":"The assumed facts applicable to this Example follow.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:035b00bdd0afeba516979331742de082b796b466a0d9746a25eb5c3d1c37ef59","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-46","para":"55-46","html":"
For the full fiscal year, an entity anticipates ordinary income of $100,000. All income is taxable in one jurisdiction at a 50 percent rate. Anticipated tax credits for the fiscal year total $10,000. No events that do not have tax consequences are anticipated.
","snippet":"For the full fiscal year, an entity anticipates ordinary income of $100,000. All income is taxable in one jurisdiction at a 50 percent rate. Anticipated tax credits for the fiscal year total $10,000. No events that do no…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebe87d17eba4e860abd5c17943f975d93a3e952ac1006d618ef9537731ba60d5","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-47","para":"55-47","html":"
Computation of the estimated annual effective tax rate applicable to ordinary income is as follows.
","snippet":"Computation of the estimated annual effective tax rate applicable to ordinary income is as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1081fbfe3beba9c0b94ef8bd1cad5e70380a117369e9a07f898b1d176575726a","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-48","para":"55-48","html":"
Further, assume that new legislation creating additional tax credits is enacted during the second quarter of the entity's fiscal year. The new legislation is effective on the first day of the third quarter. As a result of the estimated effect of the new legislation, the entity revises its estimate of its annual effective tax rate to the following.
","snippet":"Further, assume that new legislation creating additional tax credits is enacted during the second quarter of the entity's fiscal year. The new legislation is effective on the first day of the third quarter. As a result o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f53fd96ec10e51085287a493e07a447120b83adade4399e28ecaccdb3c2191d","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-49","para":"55-49","html":"
The effect of the new legislation shall be reflected in the computation of the annual effective tax rate beginning in the first interim period that includes the enactment date of the new legislation. Accordingly, quarterly tax computations are as follows.
","snippet":"The effect of the new legislation shall be reflected in the computation of the annual effective tax rate beginning in the first interim period that includes the enactment date of the new legislation. Accordingly, quarter…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e65fe57f1f139995493ed4607fa6985c218cef59d2e264dd0275a903dde73811","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-50","para":"55-50","html":"
Paragraph superseded by Accounting Standards Update No. 2019-12
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-12","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:385a55979bcb0b73c0d7194a97e6278031da835937f7c9b7b5aa67748dc9e248","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-51","para":"55-51","html":"
Paragraph superseded by Accounting Standards Update No. 2019-12
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-12","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f2f591d67c4e9a26dac2836a4984ac842225b8ba3c2990fe51f4ff75ea3abc8","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}},{"citation":"270-740-55-52","para":"55-52","html":"
The following illustrates the location in an income statement display of the various tax amounts computed under this Subtopic.
","snippet":"The following illustrates the location in an income statement display of the various tax amounts computed under this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7dcc71536d0dc5fb545e6bb8990d7f2797aff3a75c65adabc49b8a6ddc92446","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:692d6d3fcdfe84f2817e0bd917fa5e3afbe2d7f43e1ef3169cdb44fbeca3cb49","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4080864efab7f57e099160b8622fd5fb67619555615436c0c3479403d7212c4c","downloaded_from":"2026-09-09T23:20:44.855Z","last_downloaded_at":"2026-09-09T23:20:44.855Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478885","source_sha256":"115d02126f3f1fcaa8788f7cc96c8e18910af793741a6f93cc7a5ac3b1527681"}}],"enrichment":{"summary":"This subtopic governs how income tax expense (or benefit) is computed and presented in interim financial statements. The core rule is a hybrid model: tax on \"ordinary income (or loss)\" is measured by applying a best-estimate annual effective tax rate to year-to-date ordinary income, while items excluded from that rate — significant unusual or infrequently occurring items, discontinued operations, changes in tax law or rates on deferred taxes, changes in beginning-of-year valuation allowances, and certain share-based payment tax effects — are computed individually and recognized discretely in the interim period in which they occur (740-270-25-2; 740-270-30-11 through 30-13). Recognition of interim tax benefits from losses is limited to amounts expected to be realized during the year or recognizable as a deferred tax asset at year-end (740-270-25-9).","key_points":["Tax on ordinary income (loss) is computed at an estimated annual effective tax rate applied to year-to-date ordinary income, with the interim period amount equal to the year-to-date amount less amounts reported in prior interim periods; all other items are computed individually and recognized when they occur (740-270-25-2; 740-270-30-5; 740-270-35-4).","The annual effective rate must be re-estimated at the end of each successive interim period and reflects anticipated credits, foreign rates, depletion, capital gains rates, tax planning, and any valuation allowance for originating deductible temporary differences (740-270-30-6 through 30-8; 740-270-35-3).","Excluded from the estimated annual effective tax rate: effects of changes in judgment about beginning-of-year valuation allowances, effects of tax law/rate changes on deferred taxes and on prior-year taxes payable/refundable, significant unusual or infrequently occurring items reported separately, items reported net of tax, and share-based payment tax effects where the tax deduction differs from cumulative book compensation cost (740-270-30-11 through 30-13; 740-270-25-7).","New tax legislation may not be recognized before enactment; its effect on current-year taxes payable is reflected in the annual effective rate beginning in the interim period that includes the enactment date, while its effect on deferred taxes (and on prior-year taxes) is recognized discretely as of the enactment date (740-270-25-5; 25-6).","Tax benefits of losses arising early in the year are recognized only if expected to be realized during the year or recognizable as a year-end deferred tax asset; an established seasonal pattern of early losses offset by later income is evidence that realization is more likely than not, and unrecognized early-period benefits absorb later-period income before any tax is provided (740-270-25-9 through 25-11; 740-270-35-5).","Four year-to-date/full-year income-loss combinations drive the computation, with the year-to-date benefit and the estimated annual benefit each capped by the limitations in 740-270-30-30 through 30-33, which permit reversal of existing taxable temporary differences as a source of realization (740-270-30-22 through 30-28; 30-32).","For multiple jurisdictions, one overall estimated annual effective rate is used, except that a jurisdiction with an unrecognizable loss benefit, or one for which a reliable estimate cannot be made, is excluded and computed separately or discretely (740-270-30-36; 30-19), and significant variations in the customary relationship between tax expense and pretax income must be disclosed (740-270-50-1)."],"categories":["Income taxes","Financial statement presentation","Recognition","Disclosure"],"audience_level":"advanced","student_note":"Interim tax provisions are a favorite exam and practice trap: the split between the annual-effective-rate approach for ordinary income and discrete recognition for everything else drives most errors. The most common misunderstanding is thinking a tax law change or a change in a beginning-of-year valuation allowance gets spread through the annual rate — it does not; only the effect on current-year taxes payable enters the rate, and only from the interim period containing the enactment date.","related_topics":["740-10","740-20","270-10","205-20","718","250-10"],"key_concepts":["estimated annual effective tax rate","ordinary income or loss","discrete items","interim tax benefit limitation","valuation allowance","intraperiod tax allocation","enactment date","multiple jurisdictions"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ffd360e9b46fc47838db171da78cc426a20b2dfd6bdc8bcc9a7d8c43652f72f","downloaded_from":"2026-09-09T23:20:19.518Z","last_downloaded_at":"2026-09-09T23:20:48.925Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"740-20","title":"Intraperiod Tax Allocation","topic_title":"Income Taxes","score":0.7971,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e210f02973164e8de1d618d1cf30bcd46b11c642980f600eee1c4e47e72baff","downloaded_from":"2026-09-10T01:17:22.686Z","last_downloaded_at":"2026-09-10T01:17:39.374Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"740-10","title":"Overall","topic_title":"Income Taxes","score":0.7837,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c37c81b5f192be29397811037e0c5866b79ab8332d8227cbc7cd5cf90221779a","downloaded_from":"2026-09-10T01:16:12.781Z","last_downloaded_at":"2026-09-10T01:17:20.090Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"270-10","title":"Overall","topic_title":"Interim Reporting","score":0.7495,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:342e7867e1ba73a0326d340788955a2e4387e8e2c990fa7017cac5844e3909ce","downloaded_from":"2026-09-09T23:19:37.216Z","last_downloaded_at":"2026-09-09T23:20:17.142Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-10","title":"Overall","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.7441,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7260ac00012ef722f4ca569a0793baf25f57cb45666a28148a275a39ca02708a","downloaded_from":"2026-09-09T23:03:08.647Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"250-10","title":"Overall","topic_title":"Accounting Changes and Error Corrections","score":0.7274,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33e357e12930727109891b849530297382dc69c37bca8d9b70cdd513bc6d9ca0","downloaded_from":"2026-09-09T23:16:57.725Z","last_downloaded_at":"2026-09-09T23:17:32.360Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not 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retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a890e226128a0778f1b78930453723b1ae3b38f24efe188968a60c87edef393","downloaded_from":"2026-09-09T23:20:19.518Z","last_downloaded_at":"2026-09-09T23:20:48.925Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"270-932","topic":"270","title":"Extractive Activities—Oil and Gas","area":"Presentation","paragraphs":4,"summary":"This Subtopic addresses interim reporting for oil- and gas-producing entities. Its core rule is that the extensive oil and gas disclosures required by Subtopic 932-235 (reserve quantity and standardized measure disclosures) need not be repeated in interim financial reports, but interim reports must disclose a major discovery or other favorable or adverse event that significantly changes the reserve information reported in the most recent annual financial report.","concepts":["interim financial reports","oil and gas reserve quantities","major discovery","significant change disclosure","extractive activities","annual disclosure relief"],"categories":["Disclosure","Industry-specific","Presentation"],"level":"intermediate","topic_title":"Interim Reporting","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-932-05-1","para":"05-1","html":"
This Subtopic addresses interim reporting issues specific to the oil and gas industry.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15 with transaction exceptions noted below.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15 with transaction exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e324039e006762d75477d3ff38980de503d0cb666c3105e70d616b1302d62239","downloaded_from":"2026-09-09T23:20:54.689Z","last_downloaded_at":"2026-09-09T23:20:54.689Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477470","source_sha256":"5450e7b6de17782bd73b90cb24d07b9ed8f8d2677be12a8bc764bf1596314132"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37e1b42c32eb328a4c32242eb5235ea99833b096061ad240cd5b428c816b2ce8","downloaded_from":"2026-09-09T23:20:54.689Z","last_downloaded_at":"2026-09-09T23:20:54.689Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477470","source_sha256":"5450e7b6de17782bd73b90cb24d07b9ed8f8d2677be12a8bc764bf1596314132"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"270-932-15-2","para":"15-2","html":"
The guidance in this Subtopic is limited to interim reporting issues only.
","snippet":"The guidance in this Subtopic is limited to interim reporting issues only.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db6dd74572a41e489235e2debd6db87b79497ac74ea02ccc4f174c122d5ab423","downloaded_from":"2026-09-09T23:20:54.689Z","last_downloaded_at":"2026-09-09T23:20:54.689Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477470","source_sha256":"5450e7b6de17782bd73b90cb24d07b9ed8f8d2677be12a8bc764bf1596314132"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:088dc654beac54dd9c17459dc019ab76dfb3349b766f6b3eae5bd8ea6b0acf32","downloaded_from":"2026-09-09T23:20:54.689Z","last_downloaded_at":"2026-09-09T23:20:54.689Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477470","source_sha256":"5450e7b6de17782bd73b90cb24d07b9ed8f8d2677be12a8bc764bf1596314132"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5808a64facb61d8a15fecf1a2d92be92b83fbd2ad3d83cceed5777cca66f432","downloaded_from":"2026-09-09T23:20:54.689Z","last_downloaded_at":"2026-09-09T23:20:54.689Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477470","source_sha256":"5450e7b6de17782bd73b90cb24d07b9ed8f8d2677be12a8bc764bf1596314132"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"270-932-50-1","para":"50-1","html":"
The disclosures set forth in Subtopic 932-235 are not required in interim financial reports. However, interim financial reports shall include information about a major discovery or other favorable or adverse event that causes a significant change from the information presented in the most recent annual financial report concerning oil and gas reserve quantities.
","snippet":"The disclosures set forth in Subtopic 932-235 are not required in interim financial reports. However, interim financial reports shall include information about a major discovery or other favorable or adverse event that c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa509bc05533ca63d51ca12f6bfa99798e583f7516f6dd9ddd863976acab664b","downloaded_from":"2026-09-09T23:20:58.607Z","last_downloaded_at":"2026-09-09T23:20:58.607Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478688","source_sha256":"98cb7c5e475856c41d9c1f99223fef2b91f0a1f46e1be4b543f4110cf1719a8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b243ed96ade24b58e6f7bd4a9d5df493df063b28d516bb9ac1eb34bf2d44b70","downloaded_from":"2026-09-09T23:20:58.607Z","last_downloaded_at":"2026-09-09T23:20:58.607Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478688","source_sha256":"98cb7c5e475856c41d9c1f99223fef2b91f0a1f46e1be4b543f4110cf1719a8f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a702930bfc95cf0cbd75b9e944011ef0ac42a4ac952ac805a6614eae37088e22","downloaded_from":"2026-09-09T23:20:58.607Z","last_downloaded_at":"2026-09-09T23:20:58.607Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478688","source_sha256":"98cb7c5e475856c41d9c1f99223fef2b91f0a1f46e1be4b543f4110cf1719a8f"}}],"enrichment":{"summary":"This Subtopic addresses interim reporting for oil- and gas-producing entities. Its core rule is that the extensive oil and gas disclosures required by Subtopic 932-235 (reserve quantity and standardized measure disclosures) need not be repeated in interim financial reports, but interim reports must disclose a major discovery or other favorable or adverse event that significantly changes the reserve information reported in the most recent annual financial report.","key_points":["The Subtopic is limited to interim reporting issues for the oil and gas industry and otherwise follows the scope of Section 932-10-15 (270-932-15-1; 270-932-15-2).","The disclosures set forth in Subtopic 932-235 are not required in interim financial reports (270-932-50-1).","Interim financial reports shall nevertheless include information about a major discovery or other favorable or adverse event causing a significant change from the reserve quantity information in the most recent annual financial report (270-932-50-1).","The trigger for interim disclosure is a significant change relative to the most recent annual report, not a routine periodic update of reserve estimates (270-932-50-1)."],"categories":["Disclosure","Industry-specific","Presentation"],"audience_level":"intermediate","student_note":"Short but testable: students often assume the full 932-235 reserve and standardized-measure disclosures must be repeated quarterly; they need not be, yet a major discovery or other significant adverse/favorable reserve event still triggers interim disclosure.","related_topics":["932-235","932-10","270-10","932-360"],"key_concepts":["interim financial reports","oil and gas reserve quantities","major discovery","significant change disclosure","extractive activities","annual disclosure 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retrieval timestamps"}},"next":{"number":"272-10","title":"Overall","topic_title":"Limited Liability Entities","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e57afcc1925861d1745ee4747cfe39191507162abcd2912ff454b62b9f8bde5","downloaded_from":"2026-09-09T23:21:04.667Z","last_downloaded_at":"2026-09-09T23:21:23.562Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:375fe0e17363ef874523f6a51986cc4587ab1416b5f1eb6d35948e3dc1df552c","downloaded_from":"2026-09-09T23:20:52.218Z","last_downloaded_at":"2026-09-09T23:21:01.066Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"paragraphs":251,"summary":"ASC 270 explains how GAAP applies to periods shorter than a year and what must be disclosed in interim reports. Its organizing idea is the \"integral part\" view (270-10-45-1): an interim period is a piece of the annual period, so results follow the accounting principles used in the latest annual statements, subject to specified modifications — interim inventory exceptions (LIFO base liquidations, estimated gross profit rates, temporary market declines), allocation of year-end-type costs such as bonuses and shrinkage, and tax computed on ordinary income at an estimated annual effective tax rate. ASC 270-740 supplies the hybrid tax model (annual effective rate for ordinary income; discrete recognition of unusual items, tax law/rate changes, beginning-of-year valuation allowance changes, and certain share-based payment effects), while ASC 270-932 relieves oil and gas entities from repeating Subtopic 932-235 reserve disclosures in interim reports unless a major discovery or other significant event changes the reserve information. The unifying takeaway: smooth what is annual in nature over the interim periods, but report discrete, material, or unusual events in the period they occur — disposals of a component and unusual or infrequently occurring items are never prorated (270-10-45-11).","concepts":["integral part view of interim periods","estimated annual effective tax rate","discrete period tax items","interim inventory exceptions and lifo base liquidation","cost allocation and year-end-type accruals","seasonality disclosure","minimum summarized interim disclosures for publicly traded companies","oil and gas reserve disclosure relief"],"categories":["Financial statement presentation","Disclosure","Income taxes","Industry-specific"],"level":"intermediate","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:049a2814081ce00fad71197f3e8bd31166edbc4612f06af41954b6699f47980e","downloaded_from":"2026-09-09T23:19:37.216Z","last_downloaded_at":"2026-09-09T23:21:01.066Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}