{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/942/#55-implementation-guidance-and-illustrations","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":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Debt-Equity Swap Programs","paragraphs":[{"citation":"310-942-55-1","para":"55-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F3ECA7F2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Management may decide to dispose (by sale of swap) of loans prior to maturity for a number of reasons, including liquidity needs, tax considerations, portfolio diversification objectives, and management practices of generating loans specifically for disposition, in which case the loans shall be carried at the lower of amortized cost basis or fair value. </span></span></div></div>","snippet":"Management may decide to dispose (by sale of swap) of loans prior to maturity for a number of reasons, including liquidity needs, tax considerations, portfolio diversification objectives, and management practices of gene…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bba6d375f6974c31861cd8c1417664d4be5e6d96b5bd38ebd662f1dc88775fd","downloaded_from":"2026-09-09T23:29:21.153Z","last_downloaded_at":"2026-09-09T23:29:21.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479111","source_sha256":"148a0dffc80f76369eb6e03eff3924e2b2e976385a11bb3bf1e4cfb70ba60ad2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19a388d470a502ef29a05f80112439b32e02a1ca200eba5b03eb6dbb5eea9ba3","downloaded_from":"2026-09-09T23:29:21.153Z","last_downloaded_at":"2026-09-09T23:29:21.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479111","source_sha256":"148a0dffc80f76369eb6e03eff3924e2b2e976385a11bb3bf1e4cfb70ba60ad2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b0bc119e91aa141cfd9548314a73bc72fd3df24b56ff2a41ca747627ce1f6e0","downloaded_from":"2026-09-09T23:29:21.153Z","last_downloaded_at":"2026-09-09T23:29:21.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479111","source_sha256":"148a0dffc80f76369eb6e03eff3924e2b2e976385a11bb3bf1e4cfb70ba60ad2"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b0bc119e91aa141cfd9548314a73bc72fd3df24b56ff2a41ca747627ce1f6e0","downloaded_from":"2026-09-09T23:29:21.153Z","last_downloaded_at":"2026-09-09T23:29:21.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479111","source_sha256":"148a0dffc80f76369eb6e03eff3924e2b2e976385a11bb3bf1e4cfb70ba60ad2"}}