# ASC 310-942-25: Receivables — Financial Services—Depository and Lending — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/942/#25-recognition)

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## ASC 310-942-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/310/942/#25-recognition)

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##### [310-942-25-1](https://asc.understandingaccounting.org/asc/310/942/#310-942-25-1)

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[Paragraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/).

#### Debt-Equity Swap Fees and Costs

##### [310-942-25-2](https://asc.understandingaccounting.org/asc/310/942/#310-942-25-2)

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All other fees and transaction costs involved in a [debt-equity swap](https://asc.understandingaccounting.org/glossary/d/#debt-equity-swap "A debt-equity swap is an exchange transaction of a monetary asset for a nonmonetary asset.") shall not be capitalized but shall be charged to expense as incurred.