{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/905/#25-recognition","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.","topic":"310","topic_title":"Receivables","subtopic":"310-905","subtopic_title":"Agriculture","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":"Cooperatives—Patrons","heading":null,"paragraphs":[{"citation":"310-905-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c802f62c3a807f38709a8c3354dda6e9486ecfdd14809eb6db2a5e3439073fca","downloaded_from":"2026-09-09T23:28:02.576Z","last_downloaded_at":"2026-09-09T23:28:02.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477435","source_sha256":"1654dbd5ccb13404bab83dfed32b6aea8022dd2b6c70b3c8ef858290e571ff4c"}},{"citation":"310-905-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b8f8596aec8a96a0e73b88a3a732bd39150e87568d4b7b9164e12e0b2cb2c5eb","downloaded_from":"2026-09-09T23:28:02.576Z","last_downloaded_at":"2026-09-09T23:28:02.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477435","source_sha256":"1654dbd5ccb13404bab83dfed32b6aea8022dd2b6c70b3c8ef858290e571ff4c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa5b69a607044213d05f6c6d0d5b329e68a84f37e275f665f1f732ec6f4e8a3a","downloaded_from":"2026-09-09T23:28:02.576Z","last_downloaded_at":"2026-09-09T23:28:02.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477435","source_sha256":"1654dbd5ccb13404bab83dfed32b6aea8022dd2b6c70b3c8ef858290e571ff4c"}},{"block":"Cooperatives—Patrons","heading":"Patronage Refunds","paragraphs":[{"citation":"310-905-25-3","para":"25-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1356E6BC-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/p/#patrons\" class=\"term\" title=\"Any individual, trust, estate, partnership, corporation, or agricultural cooperative with or for whom a cooperative does business on a cooperative basis, whether a member of an agricultural cooperative or nonmember of an agricultural cooperative.\"><span>Patrons</span></a> shall recognize <a href=\"/glossary/p/#patronage\" class=\"term\" title=\"The amount of business done with a cooperative by one of its patrons. Patronage is measured by either the quantity or value of commodities received from patrons by a marketing cooperative and the quantity or value of the goods and services sold to patrons by a supply cooperative.\"><span>patronage</span></a> refunds on either of the following occasions: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1356E99D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">When the related patronage occurs if all of the following are probable: </span></span></div><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">1</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1356EAF2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A patronage refund applicable to the period will be declared. </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">2</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1356EC0B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">One or more future events confirming the receipt of a patronage refund are expected to occur. </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">3</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1356ECFF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The amount of the refund can be reasonably estimated. </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">4</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1356EE31-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The accrual can be consistently made from year to year. </span></span></div></li></ol></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1356EF76-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">On notification by the distributing <a href=\"/glossary/a/#agricultural-cooperative\" class=\"term\" title=\"The Agricultural Marketing Act of 1929 defines a cooperative association as any association in which farmers act together in processing, preparing for market, handling, and/or marketing the farm products of persons so engaged, and also means any association in which farmers act together in purchasing, testing, grading, processing, distributing, and/or furnishing farm supplies and/or farm business services. Provided, however, that such associations are operated for producers or purchasers and conform to one or both of the following requirements: No member of an agricultural cooperative association is allowed more than one vote because of the amount of stock or membership capital he may own therein. The association does not pay dividends on stock or membership capital in excess of 8 percent per year. In addition to meeting either of the requirements in this paragraph, the association shall not deal in farm products, farm supplies, and farm business services with or for nonmembers of an agricultural cooperative in an amount greater in value than the total amount of such business transacted by it with or for members. All business transacted by any cooperative association for or on behalf of the United States or any agency or instrumentality thereof shall be disregarded in determining the volume of member and nonmember business transacted by such association.\"><span>agricultural cooperative</span></a>. </span></span></div></li></ol><span class=\"sfragment\" id=\"sfr_1356F08F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The accrual shall be based on the latest available reliable information. </span></span></div></div>","snippet":"Patrons shall recognize patronage refunds on either of the following occasions:\n(a) When the related patronage occurs if all of the following are probable:\n(1) A patronage refund applicable to the period will be declared…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae47a8da02c221b307cd6ff0a2583ec3cf0e56925752d87711a81d3329d38e3f","downloaded_from":"2026-09-09T23:28:02.576Z","last_downloaded_at":"2026-09-09T23:28:02.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477435","source_sha256":"1654dbd5ccb13404bab83dfed32b6aea8022dd2b6c70b3c8ef858290e571ff4c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebc7a88a06c51832b6ccc220110d2a1b7c5659f190c6a9932eb6481e7820d2ee","downloaded_from":"2026-09-09T23:28:02.576Z","last_downloaded_at":"2026-09-09T23:28:02.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477435","source_sha256":"1654dbd5ccb13404bab83dfed32b6aea8022dd2b6c70b3c8ef858290e571ff4c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:121675179a4ad3e2720e8c1e584d2c005e1c9ab961fd9238497a71f87c4a6a53","downloaded_from":"2026-09-09T23:28:02.576Z","last_downloaded_at":"2026-09-09T23:28:02.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477435","source_sha256":"1654dbd5ccb13404bab83dfed32b6aea8022dd2b6c70b3c8ef858290e571ff4c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:121675179a4ad3e2720e8c1e584d2c005e1c9ab961fd9238497a71f87c4a6a53","downloaded_from":"2026-09-09T23:28:02.576Z","last_downloaded_at":"2026-09-09T23:28:02.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477435","source_sha256":"1654dbd5ccb13404bab83dfed32b6aea8022dd2b6c70b3c8ef858290e571ff4c"}}