{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/942/#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":"405-942","subtopic_title":"Financial Services—Depository and Lending","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Short Sales of Securities","paragraphs":[{"citation":"405-942-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F59FBC08-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The obligations incurred in short sales shall be subsequently measured at fair value through the income statement at each reporting date. </span></span><span class=\"sfragment\" id=\"sfr_F59FBD86-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Interest on the short positions shall be accrued periodically and reported as interest expense. </span></span></div></div>","snippet":"The obligations incurred in short sales shall be subsequently measured at fair value through the income statement at each reporting date. Interest on the short positions shall be accrued periodically and reported as inte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e76d4721fc7ffc3b9d7ee98501ca8a014a5029ce62362b9cf9ad761a2063d6e7","downloaded_from":"2026-09-10T00:18:42.712Z","last_downloaded_at":"2026-09-10T00:18:42.712Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478592","source_sha256":"0fa23bd8e59768462cdfd39a2aa3b44e3819e30317aad5a7f36253021dc77daf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7debfd0bc05701541a715d9b3500c222bf84d5263d1b3b18a5783e6016df26ef","downloaded_from":"2026-09-10T00:18:42.712Z","last_downloaded_at":"2026-09-10T00:18:42.712Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478592","source_sha256":"0fa23bd8e59768462cdfd39a2aa3b44e3819e30317aad5a7f36253021dc77daf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ec2f820be2daf1f5bcc75599407033ab15f1f076a13cabc90d5eb9512893941","downloaded_from":"2026-09-10T00:18:42.712Z","last_downloaded_at":"2026-09-10T00:18:42.712Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478592","source_sha256":"0fa23bd8e59768462cdfd39a2aa3b44e3819e30317aad5a7f36253021dc77daf"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ec2f820be2daf1f5bcc75599407033ab15f1f076a13cabc90d5eb9512893941","downloaded_from":"2026-09-10T00:18:42.712Z","last_downloaded_at":"2026-09-10T00:18:42.712Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478592","source_sha256":"0fa23bd8e59768462cdfd39a2aa3b44e3819e30317aad5a7f36253021dc77daf"}}