# ASC 405-20-50: Liabilities — Extinguishments of Liabilities — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/20/#50-disclosure)

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): 2026-09-10T00:14:02.153Z to 2026-09-10T00:14:02.153Z

Record version: sha256:5d7d35a061dc7d1052f04654bfd8726b7aace1d123fc9517cb9321269f98a247

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 405-20-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/405/20/#50-disclosure)

SEC content: no

##### [405-20-50-1](https://asc.understandingaccounting.org/asc/405/20/#405-20-50-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:14:02.153Z to 2026-09-10T00:14:02.153Z

Record version: sha256:e763fd36172ab78893410f231faaea5b8f4ce472c30ce4b88caf0ba1c7e63792

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


See paragraph [470-50-50-1](https://asc.understandingaccounting.org/asc/470/50/#470-50-50-1) for a disclosure requirement for debt considered to be extinguished by in-substance defeasance. In addition, see paragraph [860-30-50-1A](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-1A) for disclosure requirements for assets that are set aside solely for the purpose of satisfying scheduled payments of a specific obligation.

#### Prepaid Stored-Value Products

##### [405-20-50-2](https://asc.understandingaccounting.org/asc/405/20/#405-20-50-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:14:02.153Z to 2026-09-10T00:14:02.153Z

Record version: sha256:33295625fa120095885fa814004e6b79e5dd4ffbe6dda3564e37e6a868732daa

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


An entity that recognizes a breakage amount in accordance with paragraph [405-20-40-4](https://asc.understandingaccounting.org/asc/405/20/#405-20-40-4) shall disclose the methodology used to recognize breakage and significant judgments made in applying the breakage methodology.