# ASC 310-942-55: Receivables — Financial Services—Depository and Lending — 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/942/#55-implementation-guidance-and-illustrations)

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## ASC 310-942-55: 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/310/942/#55-implementation-guidance-and-illustrations)

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#### Debt-Equity Swap Programs

##### [310-942-55-1](https://asc.understandingaccounting.org/asc/310/942/#310-942-55-1)

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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.