{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/944/#40-derecognition","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":"310-944","subtopic_title":"Financial Services—Insurance","section":{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":"Mortgage Loans","paragraphs":[{"citation":"310-944-40-1","para":"40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_00046ECC-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/325/944/#325-944-40-1\" class=\"xref\">944-325-40-1</a> states that realized gains and losses shall not be deferred, either directly or indirectly. </span></span></div></div>","snippet":"Paragraph 944-325-40-1 states that realized gains and losses shall not be deferred, either directly or indirectly.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dee0329edfd94756bb4c83b96370246ad2657c14ba87b34bfbf034d54f098bb3","downloaded_from":"2026-09-09T23:30:06.079Z","last_downloaded_at":"2026-09-09T23:30:06.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478627","source_sha256":"e4658f2d0c01f7aa586b7bba846006a2338970cb3edfba7935c48eb367ea5454"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3a4addf8967bb47108a3be3de3d7b8b2fbddf070663273e1511cd37caffeb59","downloaded_from":"2026-09-09T23:30:06.079Z","last_downloaded_at":"2026-09-09T23:30:06.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478627","source_sha256":"e4658f2d0c01f7aa586b7bba846006a2338970cb3edfba7935c48eb367ea5454"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48d6acf5e38f7b380e5e0f8b80b844b04904b56ef7a3ffcf4ce736f29528bb80","downloaded_from":"2026-09-09T23:30:06.079Z","last_downloaded_at":"2026-09-09T23:30:06.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478627","source_sha256":"e4658f2d0c01f7aa586b7bba846006a2338970cb3edfba7935c48eb367ea5454"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48d6acf5e38f7b380e5e0f8b80b844b04904b56ef7a3ffcf4ce736f29528bb80","downloaded_from":"2026-09-09T23:30:06.079Z","last_downloaded_at":"2026-09-09T23:30:06.079Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478627","source_sha256":"e4658f2d0c01f7aa586b7bba846006a2338970cb3edfba7935c48eb367ea5454"}}