# ASC 405-942-35: Liabilities — Financial Services—Depository and Lending — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/942/#35-subsequent-measurement)

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## ASC 405-942-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/405/942/#35-subsequent-measurement)

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#### Short Sales of Securities

##### [405-942-35-1](https://asc.understandingaccounting.org/asc/405/942/#405-942-35-1)

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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 interest expense.