{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/450/20/#sec-25-recognition","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":"450","topic_title":"Contingencies","subtopic":"450-20","subtopic_title":"Loss Contingencies","section":{"number":"S25","label":"SEC 25 Recognition","anchor":"sec-25-recognition","is_sec":true,"groups":[{"block":null,"heading":"Accounting for Legal Costs","paragraphs":[{"citation":"450-20-S25-1","para":"S25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_59D719F3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/450/20/#450-20-S99-2\" class=\"xref\">450-20-S99-2</a>, SEC Staff Announcement: Accounting for Legal Costs Expected to Be Incurred in Connection with a Loss Contingency, for SEC Staff views on the recognition of such costs. </span></span></div></div>","snippet":"See paragraph 450-20-S99-2, SEC Staff Announcement: Accounting for Legal Costs Expected to Be Incurred in Connection with a Loss Contingency, for SEC Staff views on the recognition of such costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95f4787e783cb5ebcc2944380ed1951885f902fc134c53f915e23058d1eb4add","downloaded_from":"2026-09-10T00:27:35.851Z","last_downloaded_at":"2026-09-10T00:27:35.851Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480225","source_sha256":"80074c646f4fcfaccee6fbcb978ef0c015212063dc76de5d2ce04397bf7c4c9e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1272a0dc1653668b730ba510525b0592f79ca87f189e592e7df20183ef96b0d","downloaded_from":"2026-09-10T00:27:35.851Z","last_downloaded_at":"2026-09-10T00:27:35.851Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480225","source_sha256":"80074c646f4fcfaccee6fbcb978ef0c015212063dc76de5d2ce04397bf7c4c9e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6aff3e23c9a3afc124a932dbd1bbd65c5d7439356a51c53e746caa3767f1dafc","downloaded_from":"2026-09-10T00:27:35.851Z","last_downloaded_at":"2026-09-10T00:27:35.851Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480225","source_sha256":"80074c646f4fcfaccee6fbcb978ef0c015212063dc76de5d2ce04397bf7c4c9e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6aff3e23c9a3afc124a932dbd1bbd65c5d7439356a51c53e746caa3767f1dafc","downloaded_from":"2026-09-10T00:27:35.851Z","last_downloaded_at":"2026-09-10T00:27:35.851Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480225","source_sha256":"80074c646f4fcfaccee6fbcb978ef0c015212063dc76de5d2ce04397bf7c4c9e"}}