{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/905/#35-subsequent-measurement","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":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":"Cooperatives—Patrons","heading":"Deliveries to Marketing Cooperatives","paragraphs":[{"citation":"310-905-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_13610980-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If there are indications that the expected net proceeds will be less than cost, the <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>patron's</span></a> unbilled receivable shall be recorded at estimated <a href=\"/glossary/n/#net-realizable-value\" class=\"term\" title=\"Estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.\"><span>net realizable value</span></a>. </span></span><span class=\"sfragment\" id=\"sfr_13610B4C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Variances from the amount recorded as an unbilled receivable shall be recognized when reasonably determinable. </span></span></div></div>","snippet":"If there are indications that the expected net proceeds will be less than cost, the patron's unbilled receivable shall be recorded at estimated net realizable value. Variances from the amount recorded as an unbilled rece…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f138d20cb82b8b749555f62d2ca1cdbb461dd4e5f0f51a49ce3da588dd87000f","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:265e5e2a0df55aa8079beb9200adca0d894c8fa7cc2365d79470aabe2eb7ba4e","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}},{"block":"Cooperatives—Patrons","heading":"Advances","paragraphs":[{"citation":"310-905-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_13610C8A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/a/#advances\" class=\"term\" title=\"Generally used in marketing and pooling cooperatives to denote amounts paid to patrons before final settlement; for example, amounts paid to patrons on delivery of crops.\"><span>Advances</span></a> are financing devices and shall be treated as reductions in the patron's unbilled receivable and shall not be used as amounts for recording sales. </span></span></div></div>","snippet":"Advances are financing devices and shall be treated as reductions in the patron's unbilled receivable and shall not be used as amounts for recording sales.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7deed5221d92e4d882bdffbe4f59c0d04036aa62849387b70f47822067a46351","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7176585d11ae5a27f065c1e4af1b3dd0d7b4f8a7c0263a17680d86bdbd8ac79a","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}},{"block":"Cooperatives—Patrons","heading":"Patronage Refunds","paragraphs":[{"citation":"310-905-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_13610DDF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The accrual for <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 shall be adjusted on notification of an allocation by the cooperative. </span></span></div></div>","snippet":"The accrual for patronage refunds shall be adjusted on notification of an allocation by the cooperative.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4df2a2e2efd0b10255ee821c3e3e986d621a5bcfd888dad611f45cf695c6afa5","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5fa582c49bf6934245d181e59ae2423b33c98ed045d0580dd99957d60fd967b2","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b6a138e95085d965d64218a253d87e1078a465a07560a3e066d49a26e3cd955","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b6a138e95085d965d64218a253d87e1078a465a07560a3e066d49a26e3cd955","downloaded_from":"2026-09-09T23:28:04.502Z","last_downloaded_at":"2026-09-09T23:28:04.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478557","source_sha256":"62d6783fddbf38be1785789576db4630c6fc64e0b35fd8e7497ed83582ce02b6"}}