# ASC 320-940-35: Investments—Debt Securities — Financial Services—Brokers and Dealers — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/320/940/#35-subsequent-measurement)

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## ASC 320-940-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/320/940/#35-subsequent-measurement)

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### Proprietary Trading Securities

##### [320-940-35-1](https://asc.understandingaccounting.org/asc/320/940/#320-940-35-1)

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Security positions resulting from proprietary trading shall be measured subsequently at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "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."), including both of the following:

1.  a
    
    Inventory
    
2.  b
    
    Obligations for short inventory positions.

##### [320-940-35-2](https://asc.understandingaccounting.org/asc/320/940/#320-940-35-2)

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Any unrealized gains or losses resulting from subsequent measurements of these to fair value shall be included in profit or loss.

#### Trading Gains and Losses

##### [320-940-35-3](https://asc.understandingaccounting.org/asc/320/940/#320-940-35-3)

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The profit or loss shall be measured by the difference between the acquisition cost and the fair value.