# ASC 450-20-S25: Contingencies — Loss Contingencies — SEC 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/450/20/#sec-25-recognition)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T00:27:35.851Z to 2026-09-10T00:27:35.851Z

Record version: sha256:6aff3e23c9a3afc124a932dbd1bbd65c5d7439356a51c53e746caa3767f1dafc

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 450-20-S25: SEC 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/450/20/#sec-25-recognition)

SEC content: yes

#### Accounting for Legal Costs

##### [450-20-S25-1](https://asc.understandingaccounting.org/asc/450/20/#450-20-S25-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:27:35.851Z to 2026-09-10T00:27:35.851Z

Record version: sha256:95f4787e783cb5ebcc2944380ed1951885f902fc134c53f915e23058d1eb4add

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


See paragraph [450-20-S99-2](https://asc.understandingaccounting.org/asc/450/20/#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.