# ASC 330-10-35: Inventory — Overall — 35 Subsequent Measurement Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/330/10/#35-subsequent-measurement) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:4c26d868a55d7fd57d54f4645713896dfef73e0ea2b3d94f1270f491b23c240a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 330-10-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/330/10/#35-subsequent-measurement) SEC content: no ##### [330-10-35-1](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:86a2f8c65617e0e4d01a8d004e2a7694bc80d86ab5207534e1085960d004a35f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-11](https://asc.understandingaccounting.org/updates/asu-2015-11/). ##### [330-10-35-1A](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-1A) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:75d470df61da62aa17311e1245a5bfc0ca9304c626d90c5685bad4f9642b605d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The subsequent measurement of [inventory](https://asc.understandingaccounting.org/glossary/i/#inventory "The aggregate of those items of tangible personal property that have any of the following characteristics: Held for sale in the ordinary course of business In process of production for such sale To be currently consumed in the production of goods or services to be available for sale. The term inventory embraces goods awaiting sale (the merchandise of a trading concern and the finished goods of a manufacturer), goods in the course of production (work in process), and goods to be consumed directly or indirectly in production (raw materials and supplies). This definition of inventories excludes long-term assets subject to depreciation accounting, or goods which, when put into use, will be so classified. The fact that a depreciable asset is retired from regular use and held for sale does not indicate that the item should be classified as part of the inventory. Raw materials and supplies purchased for production may be used or consumed for the construction of long-term assets or other purposes not related to production, but the fact that inventory items representing a small portion of the total may not be absorbed ultimately in the production process does not require separate classification. By trade practice, operating materials and supplies of certain types of entities such as oil producers are usually treated as inventory.") depends on the cost method and is different for the following: 1. a Inventory measured using any method other than last-in, first-out (LIFO) or the retail inventory method (see paragraph [330-10-35-1B](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-1B)) 2. b Inventory measured using LIFO or the retail inventory method (see paragraphs [330-10-35-1C through 35-7](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-1C) ). Paragraphs [330-10-35-7A through 35-11](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-7A) apply to all inventory. #### Inventory Measured Using Any Method Other Than LIFO or the Retail Inventory Method ##### [330-10-35-1B](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-1B) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:952b34218b4bf90197773a215f531c9e17f930453314b8f1d22c3cb799e502d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Inventory measured using any method other than LIFO or the retail inventory method (for example, inventory measured using first-in, first-out (FIFO) or average cost) shall be measured at the lower of cost and [net realizable value](https://asc.understandingaccounting.org/glossary/n/#net-realizable-value "Estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation."). When evidence exists that the net realizable value of inventory is lower than its cost, the difference shall be recognized as a loss in earnings in the period in which it occurs. That loss may be required, for example, due to damage, physical deterioration, obsolescence, changes in price levels, or other causes. #### Inventory Measured Using LIFO or the Retail Inventory Method ##### [330-10-35-1C](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-1C) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:88fdf570e88661950c3a7d660481120130273844be41a4e5f0f10650cec55b87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A departure from the cost basis of pricing inventory measured using LIFO or the retail inventory method is required when the utility of the goods is no longer as great as their cost. Where there is evidence that the utility of goods, in their disposal in the ordinary course of business, will be less than cost, whether due to damage, physical deterioration, obsolescence, changes in price levels, or other causes, the difference shall be recognized as a loss of the current period. This is generally accomplished by stating such goods at a lower level commonly designated as [market](https://asc.understandingaccounting.org/glossary/m/#market "As used in the phrase lower of cost or market, the term market means current replacement cost (by purchase or by reproduction, as the case may be) provided that it meets both of the following conditions: Market shall not exceed the net realizable valueMarket shall not be less than net realizable value reduced by an allowance for an approximately normal profit margin."). ##### [330-10-35-2](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:ee54cffbc27a37504870bc38d3cdd677076c8cd15aea8e9b0306f00da5ae46c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The cost basis of recording inventory ordinarily achieves the objective of a proper matching of costs and revenues. However, under certain circumstances cost may not be the amount properly chargeable against the revenues of future periods. A departure from cost is required in these circumstances because cost is satisfactory only if the utility of the goods has not diminished since their acquisition; a loss of utility shall be reflected as a charge against the revenues of the period in which it occurs. Thus, in accounting for inventories, a loss shall be recognized whenever the utility of goods is impaired by damage, deterioration, obsolescence, changes in price levels, or other causes. The measurement of such losses for inventory measured using LIFO or the retail inventory method shall be accomplished by applying the rule of pricing inventories at the lower of cost or market. This provides a practical means of measuring utility and thereby determining the amount of the loss to be recognized and accounted for in the current period. ##### [330-10-35-3](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:6b0b1a1eb7dfdb650db885573922ec34290ff594c50fff3ea850c128c0a01b3c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The rule of lower of cost or market is intended to provide a means of measuring the residual usefulness of an inventory expenditure. The term _market_ is therefore to be interpreted as indicating utility on the inventory date and may be thought of in terms of the equivalent expenditure which would have to be made in the ordinary course at that date to procure corresponding utility. ##### [330-10-35-4](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:caeeb4a461f5f55c625a0ab703e8577ae3fa7518643c7d10a83bd5b9e6e32d26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As a general guide, utility is indicated primarily by the current cost of replacement of the goods as they would be obtained by purchase or reproduction. In applying the rule, however, judgment must always be exercised and no loss shall be recognized unless the evidence indicates clearly that a loss has been sustained. There are therefore exceptions to such a standard. Replacement or reproduction prices would not be appropriate as a measure of utility when the estimated sales value, reduced by the costs of completion and disposal, is lower, in which case the realizable value so determined more appropriately measures utility. ##### [330-10-35-5](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:7c4a648a2eb63501f6cf8a90fc45bc986d2f044bbc745ab84748cd0e5eccd0b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Furthermore, when the evidence indicates that cost will be recovered with an approximately normal profit upon sale in the ordinary course of business, no loss shall be recognized even though replacement or reproduction costs are lower. This might be true, for example, in the case of production under firm sales contracts at fixed prices, or when a reasonable volume of future orders is assured at stable selling prices. ##### [330-10-35-6](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:6e2bac1b99d4be1b86e7fa6913b3783adc539b2a1ab4d1f1628ce5a723730383 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-11](https://asc.understandingaccounting.org/updates/asu-2015-11/). ##### [330-10-35-7](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:98dcabdacc5760e506266bf3812d6fc12c88244b74cd0f44e1db2e56f7b8eff6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because of the many variations of circumstances encountered in inventory pricing, the definition of [market](https://asc.understandingaccounting.org/glossary/m/#market "As used in the phrase lower of cost or market, the term market means current replacement cost (by purchase or by reproduction, as the case may be) provided that it meets both of the following conditions: Market shall not exceed the net realizable valueMarket shall not be less than net realizable value reduced by an allowance for an approximately normal profit margin.") is intended as a guide rather than a literal rule. It shall be applied realistically in light of the objectives expressed in this Subtopic and with due regard to the form, content, and composition of the inventory. For example, the retail inventory method, if adequate markdowns are currently taken, accomplishes the objectives described herein. It is also recognized that, if a business is expected to lose money for a sustained period, the inventory shall not be written down to offset a loss inherent in the subsequent operations. #### Subsequent Measurement Guidance Applicable to All Inventory ##### [330-10-35-7A](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-7A) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:d25d2d349bc8540d86372443060a4ffaa3d427a4cd193bcb0a7cfcd72a47735b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If inventory has been the hedged item in a fair value hedge, the inventory's cost basis for purposes of subsequent measurement shall reflect the effect of the adjustments of its carrying amount made pursuant to paragraph [815-25-35-1(b)](https://asc.understandingaccounting.org/asc/815/25/#815-25-35-1). ##### [330-10-35-8](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:e78fa7cfb2bef2220b2d49eca539e1276010f137c6342efeeec10c7c0b0a25d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Depending on the character and composition of the inventory, the guidance in paragraphs [330-10-35-1A through 35-7](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-1A) that is applicable to the inventory being measured may properly be applied either directly to each item or to the total of the inventory (or, in some cases, to the total of the components of each major category). The method shall be that which most clearly reflects periodic income. ##### [330-10-35-9](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:a95485e85f71a5e191f63ecca007c59ccb2ad2345c391c4b12b83f6037ef0299 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The purpose of reducing the carrying amount of inventory is to reflect fairly the income of the period. The most common practice is to apply the applicable subsequent measurement guidance separately to each item of the inventory. However, if there is only one end-product category, the application of the applicable subsequent measurement guidance to inventory in its entirety may have the greatest significance for accounting purposes. Accordingly, the remeasurement of individual items may not always lead to the most useful result if the market value (for inventory measured using LIFO or the retail inventory method) or net realizable value (for all other inventory) of the total inventory is not below its cost. This might be the case, for example, if selling prices are not affected by temporary or small fluctuations in current costs of purchase or manufacture. ##### [330-10-35-10](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:d51df2533df3acf842d590bb7d1107178038e50d7dc9b15ea59e8852ea31899b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Similarly, where more than one major product or operational category exists, the application of the applicable subsequent measurement guidance to the total of the items included in such major categories may result in the most useful determination of income. When no loss of income is expected to take place as a result of a reduction of cost prices of certain goods because others forming components of the same general categories of finished products have a market value (for inventory measured using LIFO or the retail inventory method) or net realizable value (for all other inventory) equally in excess of cost, such components need not be adjusted to the extent that they are in balanced quantities. Thus, in such cases, the guidance on subsequent measurement may be applied directly to the totals of the entire inventory, rather than to the individual inventory items, if they enter into the same category of finished product and if they are in balanced quantities, provided the procedure is applied consistently from year to year. ##### [330-10-35-11](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:792e2935a17d3832968fb4b1ee3cae8f8e66744723b3b396f11d8a9de45dd5ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To the extent, however, that the stocks of particular materials or components are excessive in relation to others, the more widely recognized procedure of applying the guidance on subsequent measurement to the individual items constituting the excess shall be followed. This would also apply in cases in which the items enter into the production of unrelated products or products having a material variation in the rate of turnover. Unless an effective method of classifying categories is practicable, the rule shall be applied to each item in the inventory. ##### [330-10-35-12](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:1e5fc7e91f88b782eace5bec25a15962c4b52dafd1b8ea887bd29ed3bae813b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraphs [330-10-30-9 through 30-14](https://asc.understandingaccounting.org/asc/330/10/#330-10-30-9) for guidance on inventory pricing methods. #### Loss Due to Sales Incentive ##### [330-10-35-13](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-13) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:c8ed79c1a477e0ebf88e733fd024c159b8511bc447b0c49b61c43ff48813ea67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The offer of a sales incentive that will result in a loss on the sale of a product may indicate an impairment of existing inventory under this Subtopic. #### New Cost Basis ##### [330-10-35-14](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-14) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:d4f387e201c9b35da1f59b26aebb6e0e1fc9a00d0cc3c6d9fc031bb7acd078fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In the case of goods which have been written down below cost at the close of a fiscal year, such reduced amount is to be considered the cost for subsequent accounting purposes. Paragraph [270-10-45-6](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-6) provides guidance for preparing interim financial statements. #### Stating Inventories Above Cost ##### [330-10-35-15](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-15) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:0d92c0eaaf8af3790036b120ac725bde3d238b4cc8d9624a5dc6480982d17827 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Only in exceptional cases may inventories properly be stated above cost. For example, precious metals having a fixed monetary value with no substantial cost of marketing may be stated at such monetary value; any other exceptions must be justifiable by inability to determine appropriate approximate costs, immediate marketability at quoted market price, and the characteristic of unit interchangeability. ##### [330-10-35-16](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-16) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:5ed769d55a9079d9b774e326f294152b2c29bcc4cc90406a521d9fcb310b15ec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. It is generally recognized that income accrues only at the time of sale, and that gains may not be anticipated by reflecting assets at their current sales prices. However, exceptions for reflecting assets at selling prices are permissible for both of the following: 1. a Inventories of gold and silver, when there is an effective government-controlled market at a fixed monetary value 2. b Inventories representing agricultural, mineral, and other products, with all of the following criteria: 1. 1 Units of which are interchangeable 2. 2 Units of which have an immediate marketability at quoted prices 3. 3 Units for which appropriate costs may be difficult to obtain. Where such inventories are stated at sales prices, they shall be reduced by expenditures to be incurred in disposal. #### Purchase Commitments ##### [330-10-35-17](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-17) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:553ba7bd6679e11212205d9363c13a6e6f1a4eb8680b37eba81dc3bbe0d13c70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A net loss on firm purchase commitments for goods for inventory, measured in the same way as are inventory losses, shall be recognized in the accounts. The recognition in a current period of losses arising from the decline in the utility of cost expenditures is equally applicable to similar losses which are expected to arise from firm, uncancelable, and unhedged commitments for the future purchase of inventory items. ##### [330-10-35-18](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-18) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:40ef6eb7ea60cd47d6fa6ada67c0f8a4f6f563773dcf76a50dbb079be1883773 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The utility of such commitments is not impaired, and hence there is no loss, when the amounts to be realized from the disposition of the future inventory items are adequately protected by firm sales contracts or when there are other circumstances that reasonably assure continuing sales without price decline. #### Accounting Changes ##### [330-10-35-19](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-19) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:76384cf8ecd0f7710d4a182d6b1c634639fbce04b89117dcfdb9f53aca3900d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [250-10-55-1](https://asc.understandingaccounting.org/asc/250/10/#250-10-55-1) explains that a change in composition of the elements of cost included in inventory is an accounting change and provides related guidance. ##### [330-10-35-20](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-20) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:26b0329b9de70ffe98f1da5400140d83e6b0ff42d85e9c1bd0375f06812d808e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The definition of [direct effects of a change in accounting principle](https://asc.understandingaccounting.org/glossary/d/#direct-effects-of-a-change-in-accounting-principle "Those recognized changes in assets or liabilities necessary to effect a change in accounting principle. An example of a direct effect is an adjustment to an inventory balance to effect a change in inventory valuation method. Related changes, such as an effect on deferred income tax assets or liabilities or an impairment adjustment resulting from applying the subsequent measurement guidance in Subtopic 330-10to the adjusted inventory balance, also are examples of direct effects of a change in accounting principle.") includes a change in inventory valuation methods as an accounting change. #### Accounting for Consideration Payable to a Customer ##### [330-10-35-21](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-21) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:e38138e3ae4c907e699f5854b8d443eecb3b9e9e3fd895ddb7c038e22655d0b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraphs [606-10-32-25 through 32-27](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-25) for a discussion of consideration given by an entity to a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). #### Accounting for Consideration Received from a Vendor ##### [330-10-35-22](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-22) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:0117f03b6b90e25e29c503b5bfde53b4c4be12e2b8ceb8149cd404b8af8c08a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Subtopic 705-20 on costs of sales and services for a discussion of accounting by an entity, that is, a customer (including a [reseller](https://asc.understandingaccounting.org/glossary/r/#reseller "Any entity that purchases another vendor's products for resale, regardless of whether that entity is a distributor or wholesaler, a retailer, or other type of reseller.")) for, for consideration received from a [vendor](https://asc.understandingaccounting.org/glossary/v/#vendor "A service provider or product seller, such as a manufacturer, distributor, or reseller."). #### Interim Financial Reporting ##### [330-10-35-23](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-23) Pending content: no Source downloaded (UTC): 2026-09-09T23:50:48.239Z to 2026-09-09T23:50:48.239Z Record version: sha256:1ff6547f4ab3c509b0e4693a6c18ad16b7cf06446bd9b301a0e90f52b0b6852f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-45-6](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-6) for a discussion of practices used in determining costs of inventory on an interim basis.