{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/40/#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":"405","topic_title":"Liabilities","subtopic":"405-40","subtopic_title":"Obligations Resulting from Joint and Several Liability Arrangements","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"405-40-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_53C52162-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Obligations resulting from joint and several liability arrangements included in the scope of this Subtopic initially shall be measured as the sum of the following:</span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_53C522BA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors.</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_53C523C6-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Any additional amount the reporting entity expects to pay on behalf of its co-obligors. If some amount within a range of the additional amount the reporting entity expects to pay is a better estimate than any other amount within the range, that amount shall be the additional amount included in the measurement of the obligation. If no amount within the range is a better estimate than any other amount, then the minimum amount in the range shall be the additional amount included in the measurement of the obligation.</span></span></div></li></ol></div></div>","snippet":"Obligations resulting from joint and several liability arrangements included in the scope of this Subtopic initially shall be measured as the sum of the following:\n(a) The amount the reporting entity agreed to pay on the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cae52a089f7b2fb69a313b27eaff0d3227460c70c09366e836ab27916c1d51bd","downloaded_from":"2026-09-10T00:15:01.041Z","last_downloaded_at":"2026-09-10T00:15:01.041Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477109","source_sha256":"7c9813f585e95b8d0585ea41323a816c099b8fe6afecbf8f4d39575b1900113d"}},{"citation":"405-40-30-2","para":"30-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_53C524BE-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The corresponding entry or entries shall depend on the facts and circumstances of the obligation.</span></span></div></div>","snippet":"The corresponding entry or entries shall depend on the facts and circumstances of the obligation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c965fed66541ae54351b87b8fdca10870f879e8f28d9b268b03b24368c9c018","downloaded_from":"2026-09-10T00:15:01.041Z","last_downloaded_at":"2026-09-10T00:15:01.041Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477109","source_sha256":"7c9813f585e95b8d0585ea41323a816c099b8fe6afecbf8f4d39575b1900113d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d5053eb03b3e2c8fe924ba87b27b95dac2bf465b913844627fb1430794b0288","downloaded_from":"2026-09-10T00:15:01.041Z","last_downloaded_at":"2026-09-10T00:15:01.041Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477109","source_sha256":"7c9813f585e95b8d0585ea41323a816c099b8fe6afecbf8f4d39575b1900113d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81eaaedd0b6deb6119cb3805207302a8799d0734d516ea38a724ffe5e7166912","downloaded_from":"2026-09-10T00:15:01.041Z","last_downloaded_at":"2026-09-10T00:15:01.041Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477109","source_sha256":"7c9813f585e95b8d0585ea41323a816c099b8fe6afecbf8f4d39575b1900113d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81eaaedd0b6deb6119cb3805207302a8799d0734d516ea38a724ffe5e7166912","downloaded_from":"2026-09-10T00:15:01.041Z","last_downloaded_at":"2026-09-10T00:15:01.041Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477109","source_sha256":"7c9813f585e95b8d0585ea41323a816c099b8fe6afecbf8f4d39575b1900113d"}}