# ASC 450-20-S50: Contingencies — Loss Contingencies — SEC 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/450/20/#sec-50-disclosure)

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## ASC 450-20-S50: SEC 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/450/20/#sec-50-disclosure)

SEC content: yes

#### Accruals for Loss Contingencies

##### [450-20-S50-1](https://asc.understandingaccounting.org/asc/450/20/#450-20-S50-1)

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See paragraph [450-20-S99-1](https://asc.understandingaccounting.org/asc/450/20/#450-20-S99-1), SAB Topic 5.Y., Question 2 and Question 4, for the SEC Staff views on disclosures pertaining to loss contingencies.

#### Policy for Accrual of Legal Costs

##### [450-20-S50-2](https://asc.understandingaccounting.org/asc/450/20/#450-20-S50-2)

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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 disclosures related to such accounting.