{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/948/#00-status","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":"310-948","subtopic_title":"Financial Services—Mortgage Banking","section":{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"310-948-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div> <div class=\"norm-text\"> <table class=\"asc-table\" frame=\"all\" id=\"SL6772663-161503\"> <tr> <td class=\"entry\"> <strong class=\"ph b\">Paragraph</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Action</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Accounting Standards Update</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Date</strong> </td> </tr> <tr> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>Fair Value</span></a> (3rd def.)</td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a> </td> <td class=\"entry\">10/01/2012</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/m/#most-advantageous-market\" class=\"term\" title=\"The market that maximizes the amount that would be received to sell the asset or minimizes the amount that would be paid to transfer the liability, after taking into account transaction costs and transportation costs.\"><span>Most Advantageous Market</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a> </td> <td class=\"entry\">10/01/2012</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/p/#principal-market\" class=\"term\" title=\"The market with the greatest volume and level of activity for the asset or liability.\"><span>Principal Market</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a> </td> <td class=\"entry\">10/01/2012</td> </tr> <tr> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-30-1\" class=\"xref\">948-310-30-1</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-13/\" class=\"xref\">Accounting Standards Update No. 2016-13</a> </td> <td class=\"entry\">06/16/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-30-4\" class=\"xref\">948-310-30-4</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2019-04/\" class=\"xref\">Accounting Standards Update No. 2019-04</a> </td> <td class=\"entry\">04/25/2019</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-30-4\" class=\"xref\">948-310-30-4</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-13/\" class=\"xref\">Accounting Standards Update No. 2016-13</a> </td> <td class=\"entry\">06/16/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-1\" class=\"xref\">948-310-35-1</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2022-01/\" class=\"xref\">Accounting Standards Update No. 2022-01</a> </td> <td class=\"entry\">03/28/2022</td> </tr> <tr> <td class=\"entry\"> <div class=\"xref-range displayInline\"><a href=\"/asc/310/944/#310-944-35-1\" class=\"xref\">944-310-35-1 through 35-3</a></div> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-13/\" class=\"xref\">Accounting Standards Update No. 2016-13</a> </td> <td class=\"entry\">06/16/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-1A\" class=\"xref\">948-310-35-1A</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2022-01/\" class=\"xref\">Accounting Standards Update No. 2022-01</a> </td> <td class=\"entry\">03/28/2022</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-2A\" class=\"xref\">948-310-35-2A</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2019-04/\" class=\"xref\">Accounting Standards Update No. 2019-04</a> </td> <td class=\"entry\">04/25/2019</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-3\" class=\"xref\">948-310-35-3</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a> </td> <td class=\"entry\">10/01/2012</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-3A\" class=\"xref\">948-310-35-3A</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a> </td> <td class=\"entry\">10/01/2012</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-3A\" class=\"xref\">948-310-35-3A</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a> </td> <td class=\"entry\">12/23/2009</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-5\" class=\"xref\">948-310-35-5</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-13/\" class=\"xref\">Accounting Standards Update No. 2016-13</a> </td> <td class=\"entry\">06/16/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-5A\" class=\"xref\">948-310-35-5A</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2019-04/\" class=\"xref\">Accounting Standards Update No. 2019-04</a> </td> <td class=\"entry\">04/25/2019</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-35-5A\" class=\"xref\">948-310-35-5A</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-13/\" class=\"xref\">Accounting Standards Update No. 2016-13</a> </td> <td class=\"entry\">06/16/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-40-1\" class=\"xref\">948-310-40-1</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a> </td> <td class=\"entry\">12/23/2009</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-45-2\" class=\"xref\">948-310-45-2</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2019-04/\" class=\"xref\">Accounting Standards Update No. 2019-04</a> </td> <td class=\"entry\">04/25/2019</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/310/948/#310-948-50-1\" class=\"xref\">948-310-50-1</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-13/\" class=\"xref\">Accounting Standards Update No. 2016-13</a> </td> <td class=\"entry\">06/16/2016</td> </tr> </table> </div> </div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nFair Value (3rd def.) | Added | Accounting Standards Update No. 2012-04 | 10/01/2012 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