{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/942/#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":"310-942","subtopic_title":"Financial Services—Depository and Lending","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"310-942-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2016-13/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2016-13</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-13.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:537f9114732ecdb1aedd41259496ddae2135e0a5f7356722802f24387d776109","downloaded_from":"2026-09-09T23:29:09.773Z","last_downloaded_at":"2026-09-09T23:29:09.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479023","source_sha256":"a599de591e6e7cb17dc4d83f3450d725f130e1f58eac3cf4e9785ae79399fe5e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:56693fe2e11c873098fcd0e3e5b9c3d9fc2538c5fab23fd34c01a539e3850f45","downloaded_from":"2026-09-09T23:29:09.773Z","last_downloaded_at":"2026-09-09T23:29:09.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479023","source_sha256":"a599de591e6e7cb17dc4d83f3450d725f130e1f58eac3cf4e9785ae79399fe5e"}},{"block":null,"heading":"Debt-Equity Swap Fees and Costs","paragraphs":[{"citation":"310-942-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F3AD9B56-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">All other fees and transaction costs involved in a <a href=\"/glossary/d/#debt-equity-swap\" class=\"term\" title=\"A debt-equity swap is an exchange transaction of a monetary asset for a nonmonetary asset.\"><span>debt-equity swap</span></a> shall not be capitalized but shall be charged to expense as incurred. </span></span></div></div>","snippet":"All other fees and transaction costs involved in a debt-equity swap shall not be capitalized but shall be charged to expense as incurred.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c93e44320b9087f4b01b91e217d7e70e94273975c2c4d62f07c1a50ea16a5c7","downloaded_from":"2026-09-09T23:29:09.773Z","last_downloaded_at":"2026-09-09T23:29:09.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479023","source_sha256":"a599de591e6e7cb17dc4d83f3450d725f130e1f58eac3cf4e9785ae79399fe5e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b98196bd3a1ec8ae54227e550d45cf1181a67c7a1b40f417a9ec09489f1a59c","downloaded_from":"2026-09-09T23:29:09.773Z","last_downloaded_at":"2026-09-09T23:29:09.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479023","source_sha256":"a599de591e6e7cb17dc4d83f3450d725f130e1f58eac3cf4e9785ae79399fe5e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eed44f7d6b8cfa99778ba57e1fc11509a456031afa0dd707fd7359fe9d732eed","downloaded_from":"2026-09-09T23:29:09.773Z","last_downloaded_at":"2026-09-09T23:29:09.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479023","source_sha256":"a599de591e6e7cb17dc4d83f3450d725f130e1f58eac3cf4e9785ae79399fe5e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eed44f7d6b8cfa99778ba57e1fc11509a456031afa0dd707fd7359fe9d732eed","downloaded_from":"2026-09-09T23:29:09.773Z","last_downloaded_at":"2026-09-09T23:29:09.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479023","source_sha256":"a599de591e6e7cb17dc4d83f3450d725f130e1f58eac3cf4e9785ae79399fe5e"}}