# ASC 405-924-35: Liabilities — Entertainment—Casinos — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/924/#35-subsequent-measurement)

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## ASC 405-924-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/405/924/#35-subsequent-measurement)

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#### Unredeemable Gaming Chips

##### [405-924-35-1](https://asc.understandingaccounting.org/asc/405/924/#405-924-35-1)

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The chip liability shall be adjusted periodically to reflect an estimate of [chips](https://asc.understandingaccounting.org/glossary/c/#chips "Money substitutes, in various denominations, issued by a gaming entity and used for wagering.") that will never be redeemed (for example, chips that have been lost, taken as souvenirs, and so on).