# ASC 310-905-35: Receivables — Agriculture — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/905/#35-subsequent-measurement)

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## ASC 310-905-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/310/905/#35-subsequent-measurement)

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### Cooperatives—Patrons

#### Deliveries to Marketing Cooperatives

##### [310-905-35-1](https://asc.understandingaccounting.org/asc/310/905/#310-905-35-1)

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If there are indications that the expected net proceeds will be less than cost, the [patron's](https://asc.understandingaccounting.org/glossary/p/#patrons "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.") unbilled receivable shall be recorded at estimated [net realizable value](https://asc.understandingaccounting.org/glossary/n/#net-realizable-value "Estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation."). Variances from the amount recorded as an unbilled receivable shall be recognized when reasonably determinable.

#### Advances

##### [310-905-35-2](https://asc.understandingaccounting.org/asc/310/905/#310-905-35-2)

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[Advances](https://asc.understandingaccounting.org/glossary/a/#advances "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.") 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.

#### Patronage Refunds

##### [310-905-35-3](https://asc.understandingaccounting.org/asc/310/905/#310-905-35-3)

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The accrual for [patronage](https://asc.understandingaccounting.org/glossary/p/#patronage "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.") refunds shall be adjusted on notification of an allocation by the cooperative.