{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/924/#35-subsequent-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":"405-924","subtopic_title":"Entertainment—Casinos","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Unredeemable Gaming Chips","paragraphs":[{"citation":"405-924-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_DE996D68-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The chip liability shall be adjusted periodically to reflect an estimate of <a href=\"/glossary/c/#chips\" class=\"term\" title=\"Money substitutes, in various denominations, issued by a gaming entity and used for wagering.\"><span>chips</span></a> that will never be redeemed (for example, chips that have been lost, taken as souvenirs, and so on). </span></span></div></div>","snippet":"The chip liability shall be adjusted periodically to reflect an estimate of chips that will never be redeemed (for example, chips that have been lost, taken as souvenirs, and so on).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1d72e0b1afa223bbe1798ec33452d0c876051f87767d5eb456acea14018a56c","downloaded_from":"2026-09-10T00:17:17.599Z","last_downloaded_at":"2026-09-10T00:17:17.599Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478368","source_sha256":"f4ca4c8666f7a438ddf128927f4d45fdf43ecfc909f89791c453275b7c45106b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cfaaf8088a10c79e4ff55510b57827113ed7dbaee70e3aa02bb105dc8c4ff679","downloaded_from":"2026-09-10T00:17:17.599Z","last_downloaded_at":"2026-09-10T00:17:17.599Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478368","source_sha256":"f4ca4c8666f7a438ddf128927f4d45fdf43ecfc909f89791c453275b7c45106b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d761d0f852b8961e07598c8a1f8bb1ae8f45c260f1c8076c45f8f463600a3e7","downloaded_from":"2026-09-10T00:17:17.599Z","last_downloaded_at":"2026-09-10T00:17:17.599Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478368","source_sha256":"f4ca4c8666f7a438ddf128927f4d45fdf43ecfc909f89791c453275b7c45106b"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d761d0f852b8961e07598c8a1f8bb1ae8f45c260f1c8076c45f8f463600a3e7","downloaded_from":"2026-09-10T00:17:17.599Z","last_downloaded_at":"2026-09-10T00:17:17.599Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478368","source_sha256":"f4ca4c8666f7a438ddf128927f4d45fdf43ecfc909f89791c453275b7c45106b"}}