# ASC 310-944-40: Receivables — Financial Services—Insurance — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/944/#40-derecognition)

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## ASC 310-944-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/310/944/#40-derecognition)

SEC content: no

#### Mortgage Loans

##### [310-944-40-1](https://asc.understandingaccounting.org/asc/310/944/#310-944-40-1)

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Paragraph [944-325-40-1](https://asc.understandingaccounting.org/asc/325/944/#325-944-40-1) states that realized gains and losses shall not be deferred, either directly or indirectly.