# ASC 405-20-65: Liabilities — Extinguishments of Liabilities — 65 Transition and Open Effective Date Information

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/20/#65-transition-and-open-effective-date-information)

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## ASC 405-20-65: 65 Transition and Open Effective Date Information

[Read section](https://asc.understandingaccounting.org/asc/405/20/#65-transition-and-open-effective-date-information)

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##### [405-20-65-1](https://asc.understandingaccounting.org/asc/405/20/#405-20-65-1)

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Paragraph superseded on 08/12/2020 after the end of the transition period stated in Accounting Standards Update No. 2016-04, _Liabilities—Extinguishments of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products._