# ASC 405-912-25: Liabilities — Contractors—Federal Government — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/912/#25-recognition)

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## ASC 405-912-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/405/912/#25-recognition)

SEC content: no

##### [405-912-25-1](https://asc.understandingaccounting.org/asc/405/912/#405-912-25-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [405-912-25-2](https://asc.understandingaccounting.org/asc/405/912/#405-912-25-2)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

#### Progress Payments

##### [405-912-25-3](https://asc.understandingaccounting.org/asc/405/912/#405-912-25-3)

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Paragraph [912-310-25-7](https://asc.understandingaccounting.org/asc/310/912/#310-912-25-7) provides guidance on the circumstances in which progress payments received shall be accounted for as a financing transaction.