{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/912/#45-other-presentation-matters","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. 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2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4459dd799c6ba1ddf5c3c40b8c4b3fce2a35c4cb4a7495398a832a3c32eb0ecd","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478788","source_sha256":"2505b41edefed2afa1cc5f61b4dd23eeed4dd73bf39ee14e076d8be84ac27ab3"}},{"citation":"405-912-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:05c8452742351510dc361ca6a6de79408ca38a44cae820a299eff5d88d95d945","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478788","source_sha256":"2505b41edefed2afa1cc5f61b4dd23eeed4dd73bf39ee14e076d8be84ac27ab3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:145d6ca283eaf9aed9d36b34e3e786ccf7ef639f394af3d68445092868b42d03","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478788","source_sha256":"2505b41edefed2afa1cc5f61b4dd23eeed4dd73bf39ee14e076d8be84ac27ab3"}},{"block":null,"heading":"Balance Sheet","paragraphs":[{"citation":"405-912-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D8182C0D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Loans negotiated on the security of the termination claim shall be shown as current liabilities. </span></span></div></div>","snippet":"Loans negotiated on the security of the termination claim shall be shown as current liabilities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ece33863e4b8ea8d9463c3c873c881e2f6aec0bb7afb88a9f88c1258cf043b8d","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478788","source_sha256":"2505b41edefed2afa1cc5f61b4dd23eeed4dd73bf39ee14e076d8be84ac27ab3"}},{"citation":"405-912-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D8182D12-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Termination loans are liabilities to third parties, even though guaranteed in whole or in part by the government, and shall be presented in the balance sheet as liabilities, with appropriate cross-reference to the related claim or claims. </span></span></div></div>","snippet":"Termination loans are liabilities to third parties, even though guaranteed in whole or in part by the government, and shall be presented in the balance sheet as liabilities, with appropriate cross-reference to the relate…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a14bb7df2752bed9236a7a13a9cefaba2236df1ef67229012f25bbb6a6d1278","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478788","source_sha256":"2505b41edefed2afa1cc5f61b4dd23eeed4dd73bf39ee14e076d8be84ac27ab3"}},{"citation":"405-912-45-5","para":"45-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D8182DF2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If a terminated contract is one on which <a href=\"/glossary/a/#advance-payments\" class=\"term\" title=\"Government advances of cash as a revolving fund or against the final payment due under an agreement.\"><span>advance payments</span></a> had previously been received, the financial statements of the contractor issued before final collection of the claim shall reflect any balance of those advances as deductions from the claim receivable. </span></span></div></div>","snippet":"If a terminated contract is one on which advance payments had previously been received, the financial statements of the contractor issued before final collection of the claim shall reflect any balance of those advances a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7957ae42184833dcad86ad0ddc47bbd119466856ad79730e6523a6d3f9695256","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478788","source_sha256":"2505b41edefed2afa1cc5f61b4dd23eeed4dd73bf39ee14e076d8be84ac27ab3"}},{"citation":"405-912-45-6","para":"45-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f9a2ad076a79736cfbd7357bdc5756e70c972dc497711fbf5d4a12756e17dc4","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478788","source_sha256":"2505b41edefed2afa1cc5f61b4dd23eeed4dd73bf39ee14e076d8be84ac27ab3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed95d6d3dd0a5d4759f8e80a80c335c6e4ec5d36ccae92e1be0d52e424d4fdfa","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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activities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:195316c6b64541703c9feab2c17a6a216218729f0dc52b5a077d7733044d3da2","downloaded_from":"2026-09-10T00:16:31.923Z","last_downloaded_at":"2026-09-10T00:16:31.923Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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