# ASC 405-912-50: Liabilities — Contractors—Federal Government — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/912/#50-disclosure)

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## ASC 405-912-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/405/912/#50-disclosure)

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##### [405-912-50-1](https://asc.understandingaccounting.org/asc/405/912/#405-912-50-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

#### Termination Claims

##### [405-912-50-2](https://asc.understandingaccounting.org/asc/405/912/#405-912-50-2)

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Financial statements issued before the termination claim is recorded shall disclose, by note or otherwise, the relationship of advance payment or guaranteed loan liabilities to a possible termination claim receivable.

##### [405-912-50-3](https://asc.understandingaccounting.org/asc/405/912/#405-912-50-3)

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To the extent that the amounts of subcontractors' claims are not reasonably determinable, disclosure shall be made by note or otherwise in the financial statements.