# ASC 450-30-25: Contingencies — Gain Contingencies — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/450/30/#25-recognition)

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## ASC 450-30-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/450/30/#25-recognition)

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##### [450-30-25-1](https://asc.understandingaccounting.org/asc/450/30/#450-30-25-1)

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A contingency that might result in a gain usually should not be reflected in the financial statements because to do so might be to recognize revenue before its realization.