{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/940/#30-initial-measurement","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":"340","topic_title":"Other Assets and Deferred Costs","subtopic":"340-940","subtopic_title":"Financial Services—Brokers and Dealers","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"Exchange Memberships","paragraphs":[{"citation":"340-940-30-1","para":"30-1","html":"An exchange membership recognized under paragraph 940-340-25-1 as an ownership interest in the exchange shall be measured initially at cost. An exchange membership recognized under paragraph 940-340-25-1 as a contributed interest shall be measured initially at fair value with the related subordinated liability measured initially at an equal and offsetting amount.