{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/450/30/","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.","number":"450-30","topic":"450","title":"Gain Contingencies","area":"Liabilities","paragraphs":11,"summary":"ASC 450-30 governs gain contingencies — existing conditions or situations involving uncertainty that may result in a future gain to the entity. The core rule is asymmetric to loss contingencies: a gain contingency usually should not be reflected in the financial statements, because doing so might recognize revenue before it is realized (450-30-25-1). Instead, adequate disclosure is required, worded carefully so as not to imply that realization is more likely than it is (450-30-50-1).","concepts":["gain contingency","realization","conservatism asymmetry","adequate disclosure","misleading implications","insurance recoveries","offsetting receivable against liability","variable lease payments"],"categories":["Recognition","Disclosure","Contingencies and guarantees","Presentation"],"level":"introductory","topic_title":"Contingencies","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"450-30-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div><div class=\"norm-text\"><table class=\"asc-table\" id=\"SL77940446-209996\"><tr><td class=\"entry\"><strong class=\"ph b\">Paragraph</strong></td><td class=\"entry\"><strong class=\"ph b\">Action</strong></td><td class=\"entry\"><strong class=\"ph b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#commencement-date-of-the-lease-commencement-date\" class=\"term\" title=\"The date on which a lessor makes an underlying asset available for use by a lessee. See paragraphs 842-10-55-19842-10-55-20842-10-55-21 for implementation guidance on the commencement date.\"><span>Commencement Date of the Lease (Commencement Date)</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>Contract</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/d/#direct-financing-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets none of the criteria in paragraph 842-10-25-2 but meets the criteria in paragraph 842-10-25-3(b)and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>Direct Financing Lease</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2021-05/\" class=\"xref\">Accounting Standards Update No. 2021-05</a></td><td class=\"entry\">07/19/2021</td></tr><tr><td class=\"entry\"><a href=\"/glossary/d/#direct-financing-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets none of the criteria in paragraph 842-10-25-2 but meets the criteria in paragraph 842-10-25-3(b)and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>Direct Financing Lease</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/f/#finance-lease\" class=\"term\" title=\"From the perspective of a lessee, a lease that meets one or more of the criteria in paragraph 842-10-25-2.\"><span>Finance Lease</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/l/#lease\" class=\"term\" title=\"A contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.\"><span>Lease</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/l/#lessee\" class=\"term\" title=\"An entity that enters into a contract to obtain the right to use an underlying asset for a period of time in exchange for consideration.\"><span>Lessee</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/l/#lessor\" class=\"term\" title=\"An entity that enters into a contract to provide the right to use an underlying asset for a period of time in exchange for consideration.\"><span>Lessor</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/o/#operating-lease\" class=\"term\" title=\"From the perspective of a lessee, any lease other than a finance lease. From the perspective of a lessor, any lease other than a sales-type lease or a direct financing lease.\"><span>Operating Lease</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/s/#sales-type-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets one or more of the criteria in paragraph 842-10-25-2 and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>Sales-Type Lease</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2021-05/\" class=\"xref\">Accounting Standards Update No. 2021-05</a></td><td class=\"entry\">07/19/2021</td></tr><tr><td class=\"entry\"><a href=\"/glossary/s/#sales-type-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets one or more of the criteria in paragraph 842-10-25-2 and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>Sales-Type Lease</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/u/#underlying-asset\" class=\"term\" title=\"An asset that is the subject of a lease for which a right to use that asset has been conveyed to a lessee. The underlying asset could be a physically distinct portion of a single asset.\"><span>Underlying Asset</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/v/#variable-lease-payments\" class=\"term\" title=\"Payments made by a lessee to a lessor for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.\"><span>Variable Lease Payments</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/asc/450/30/#450-30-60-5\" class=\"xref\">450-30-60-5</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nCommencement Date of the Lease (Commencement Date) | Added | Accounting Standards Update…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f03b36d85f881007db180b0ca814003f7f741bd891eca10b7481931f6df54400","downloaded_from":"2026-09-10T00:27:48.583Z","last_downloaded_at":"2026-09-10T00:27:48.583Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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recognition and disclosure of a <a href=\"/glossary/g/#gain-contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>gain contingency</span></a>.</div></div>","snippet":"This Subtopic provides guidance for the recognition and disclosure of a gain contingency.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb2b08a8b51fa19a8dda4e6e90840ac62f456df3b1fdaf9d26d9add13d9ded1e","downloaded_from":"2026-09-10T00:27:52.539Z","last_downloaded_at":"2026-09-10T00:27:52.539Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482947","source_sha256":"b33a7b2b743f2adbbf41278adf361316c59b597f21a28b5771b9a16f81abc7b0"}},{"citation":"450-30-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic, in combination with Subtopics <a altsource=\"GUID-6150B9DA-E825-4089-9DE1-CFF705A602B6.ditamap\" class=\"ditamap\">450-10</a> and <a altsource=\"GUID-E13146CA-1337-48D7-BF5C-574604DA8631.ditamap\" class=\"ditamap\">450-20</a>, provides general guidance regarding gain and <a href=\"/glossary/l/#loss-contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an entity that will ultimately be resolved when one or more future events occur or fail to occur. The term loss is used for convenience to include many charges against income that are commonly referred to as expenses and others that are commonly referred to as losses.\"><span>loss contingencies</span></a>. Other Topics include gain or loss contingencies related to those specific Topics. Therefore, the Contingencies Topic does not include all standards related to contingencies. While not intended to be all-inclusive, the following Relationships Sections within the Contingency Subtopics provide links to many Topic-specific contingencies: <ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">See Section <a altsource=\"GUID-F441826A-E9B7-4618-8CA8-2B698BB0A5DF.ditamap\" class=\"ditamap\">450-10-60</a> for references to other standards related to uncertainties that could result in either a gain or a loss.</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">See Section <a altsource=\"GUID-1DDD8F86-F868-4D66-8C17-BBDC08B1D63F.ditamap\" class=\"ditamap\">450-20-60</a> for references to other standards related to uncertainties that could result in a future loss. </div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">See Section <a altsource=\"GUID-2110170A-1031-4515-8E24-EE95DD64197D.ditamap\" class=\"ditamap\">450-30-60</a> for references to other standards related to uncertainties that could result in a future gain.</div></li></ol></div></div>","snippet":"This Subtopic, in combination with Subtopics 450-10 and 450-20, provides general guidance regarding gain and loss contingencies. Other Topics include gain or loss contingencies related to those specific Topics. Therefore…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:22d27c65410ce39bdf3e68df4c89d3a4f2d00fa1ee4daea4077e32fcd7249468","downloaded_from":"2026-09-10T00:27:52.539Z","last_downloaded_at":"2026-09-10T00:27:52.539Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482947","source_sha256":"b33a7b2b743f2adbbf41278adf361316c59b597f21a28b5771b9a16f81abc7b0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37fd04b3c16d984e233330276703f6f7f4b227ff2c2f43061d02564e426f88c7","downloaded_from":"2026-09-10T00:27:52.539Z","last_downloaded_at":"2026-09-10T00:27:52.539Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482947","source_sha256":"b33a7b2b743f2adbbf41278adf361316c59b597f21a28b5771b9a16f81abc7b0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:826d22e45feed7e4e2e452fab537e2a144bd6d800923ba540a2094608d9ab2bb","downloaded_from":"2026-09-10T00:27:52.539Z","last_downloaded_at":"2026-09-10T00:27:52.539Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482947","source_sha256":"b33a7b2b743f2adbbf41278adf361316c59b597f21a28b5771b9a16f81abc7b0"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"450-30-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-F79C9E66-C38A-4844-8CA8-ED75C2A63A96.ditamap\" class=\"ditamap\">450-10-15</a>.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 450-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c1713c0bc39f249531f3cb29d626dc5d1dbd97f1f9ec57bd412c017e79674c0","downloaded_from":"2026-09-10T00:27:55.964Z","last_downloaded_at":"2026-09-10T00:27:55.964Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482923","source_sha256":"72be0190cf4828e80766e682054d02b3a331ae92ebf7869afbfa06f0edd9905a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9888c0edd63d8e8d01d1a299a09785a664aaabf0c82f31c0208b419c68604cb1","downloaded_from":"2026-09-10T00:27:55.964Z","last_downloaded_at":"2026-09-10T00:27:55.964Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482923","source_sha256":"72be0190cf4828e80766e682054d02b3a331ae92ebf7869afbfa06f0edd9905a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39029e37411b4b70abe94f45de4a9afb13851c773da0d6b3bf64fb6b979ed45f","downloaded_from":"2026-09-10T00:27:55.964Z","last_downloaded_at":"2026-09-10T00:27:55.964Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482923","source_sha256":"72be0190cf4828e80766e682054d02b3a331ae92ebf7869afbfa06f0edd9905a"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"450-30-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_5A3512E7-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">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. </span></span></div></div>","snippet":"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.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c68fdf1f9e1f23467c52af19b461dd44bc7898806ad0dd7ab7da13718e2e2d75","downloaded_from":"2026-09-10T00:28:02.205Z","last_downloaded_at":"2026-09-10T00:28:02.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483074","source_sha256":"e00296a5f6ac688b1f92b61a45b90c56f23a9c823159646a4c01098552f1b99d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7a5a756487b013eb3655a489c7be4fe2cf4d5cd1f330ba88e8478a29c0842a7f","downloaded_from":"2026-09-10T00:28:02.205Z","last_downloaded_at":"2026-09-10T00:28:02.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483074","source_sha256":"e00296a5f6ac688b1f92b61a45b90c56f23a9c823159646a4c01098552f1b99d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d37f0ca81d467ac67f79eaab9c7ffef1c6c485a60fb86efcc2f2bc6ae2d3a22","downloaded_from":"2026-09-10T00:28:02.205Z","last_downloaded_at":"2026-09-10T00:28:02.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483074","source_sha256":"e00296a5f6ac688b1f92b61a45b90c56f23a9c823159646a4c01098552f1b99d"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"450-30-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_5A3DD1D8-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Adequate disclosure shall be made of a contingency that might result in a gain, but care shall be exercised to avoid misleading implications as to the likelihood of realization. </span></span></div></div>","snippet":"Adequate disclosure shall be made of a contingency that might result in a gain, but care shall be exercised to avoid misleading implications as to the likelihood of realization.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:987a2f5cf8f4147a77ddd074431057a32e68c680dcb88f9108c466c518a27d56","downloaded_from":"2026-09-10T00:28:04.439Z","last_downloaded_at":"2026-09-10T00:28:04.439Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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timestamps","source_key":"1943274/2147483049","source_sha256":"d01603e86bf20ac36ffd5747959b0f336c012b77884474896e76a69f215ebf00"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fa30498a711add719e50ed3d026ed37463c4ead3e6374a4ef9e03803ac1c84f","downloaded_from":"2026-09-10T00:28:04.439Z","last_downloaded_at":"2026-09-10T00:28:04.439Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483049","source_sha256":"d01603e86bf20ac36ffd5747959b0f336c012b77884474896e76a69f215ebf00"}},{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Balance Sheet","paragraphs":[{"citation":"450-30-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A551-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the determination of whether a receivable resulting from the recognition of a <a href=\"/glossary/g/#gain-contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>gain contingency</span></a> may be offset against an existing liability, see Section <a altsource=\"GUID-3855C9FB-56A8-4E2D-B6AF-8012B5941A62.ditamap\" class=\"ditamap\">210-20-45</a>. </span></span> </div> </div>","snippet":"For the determination of whether a receivable resulting from the recognition of a gain contingency may be offset against an existing liability, see Section 210-20-45.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ad3163944be2f20ba02e2ee8393385294e8dc2ab19546ef34b1adff7a06bde1","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:430a2d0d2dc0319d12d848f09cfb43b9915f77655eec30c3a0cf64d3f2ade127","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"block":null,"heading":"Income Statement","paragraphs":[{"citation":"450-30-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A679-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the presentation of business interruption insurance recoveries in the income statement, see Section <a altsource=\"GUID-F7AA5257-1D52-4505-A041-11562996DEEA.ditamap\" class=\"ditamap\">220-30-45</a>. </span></span> </div> </div>","snippet":"For the presentation of business interruption insurance recoveries in the income statement, see Section 220-30-45.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64f00d96212f301d5df5e8bf18e134bc8b8a12bc7fe6b9505947ece706beb326","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"citation":"450-30-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A7B0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For disclosure of information about business interruption insurance recoveries, see Section <a altsource=\"GUID-E4599CEC-8BA1-4030-B801-0652A27B8049.ditamap\" class=\"ditamap\">220-30-50</a>. </span></span> </div> </div>","snippet":"For disclosure of information about business interruption insurance recoveries, see Section 220-30-50.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ad61ca841d5ddcf7c66cdc6172961766e7020ff112ef13d43eea4344e511789","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f36da82f4766faa3d7836e1f3e2998f0684302228c8aff3b415eb97200cb4aee","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"block":null,"heading":"Other Expenses","paragraphs":[{"citation":"450-30-60-4","para":"60-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A8FA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For recognition of insurance recoveries by an entity insured through a purchased retroactive insurance contract (other than for core insurance operations of an insurance entity), see paragraph <a href=\"/asc/720/20/#720-20-25-3\" class=\"xref\">720-20-25-3</a>. </span></span> </div> </div>","snippet":"For recognition of insurance recoveries by an entity insured through a purchased retroactive insurance contract (other than for core insurance operations of an insurance entity), see paragraph 720-20-25-3.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9424b9672e2923c07052078988d50a7c20f8c27f34ea619357a3d111bc283e1","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51c3e74b31f367c4865a39f58b327227ca118c82364b9e4d6aba5ac32a73fc89","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"block":null,"heading":"Leases","paragraphs":[{"citation":"450-30-60-5","para":"60-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50AB3E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For a lessor's accounting for income from <a href=\"/glossary/v/#variable-lease-payments\" class=\"term\" title=\"Payments made by a lessee to a lessor for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.\"><span>variable lease payments</span></a>, see paragraphs <a href=\"/asc/842/30/#842-30-25-2\" class=\"xref\">842-30-25-2</a> (for <a href=\"/glossary/s/#sales-type-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets one or more of the criteria in paragraph 842-10-25-2 and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>sales-type leases</span></a>), <a href=\"/asc/842/30/#842-30-25-9\" class=\"xref\">842-30-25-9</a> (for <a href=\"/glossary/d/#direct-financing-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets none of the criteria in paragraph 842-10-25-2 but meets the criteria in paragraph 842-10-25-3(b)and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>direct financing leases</span></a>), and <a href=\"/asc/842/30/#842-30-25-11\" class=\"xref\">842-30-25-11</a> (for <a href=\"/glossary/o/#operating-lease\" class=\"term\" title=\"From the perspective of a lessee, any lease other than a finance lease. From the perspective of a lessor, any lease other than a sales-type lease or a direct financing lease.\"><span>operating leases</span></a>). </span></span> </div> </div>","snippet":"For a lessor's accounting for income from variable lease payments, see paragraphs 842-30-25-2 (for sales-type leases), 842-30-25-9 (for direct financing leases), and 842-30-25-11 (for operating leases).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a69b834ee73b24f46ad3c33f564e45bbc4bc0489c61e34218607c669c185616","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ab39997ade187224e3cd72090d29d4ea45b74f347ff75c68d81148c80bbdbe4","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d9089c89fa28a796e29c3bdef66ebaae530eaa181aa108aa6ce72c19b458b53","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"enrichment":{"summary":"ASC 450-30 governs gain contingencies — existing conditions or situations involving uncertainty that may result in a future gain to the entity. The core rule is asymmetric to loss contingencies: a gain contingency usually should not be reflected in the financial statements, because doing so might recognize revenue before it is realized (450-30-25-1). Instead, adequate disclosure is required, worded carefully so as not to imply that realization is more likely than it is (450-30-50-1).","key_points":["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 (450-30-25-1).","Adequate disclosure shall be made of a gain contingency, but care shall be exercised to avoid misleading implications as to the likelihood of realization (450-30-50-1).","The Subtopic follows the same scope and scope exceptions as the Overall Subtopic in Section 450-10-15 (450-30-15-1).","The Contingencies Topic is not all-inclusive; Topic-specific gain contingencies are cross-referenced in Section 450-30-60, with parallel links for either-gain-or-loss uncertainties in 450-10-60 and loss uncertainties in 450-20-60 (450-30-05-2).","Whether a receivable arising from a recognized gain contingency may be offset against an existing liability is determined under Section 210-20-45 (450-30-60-1).","Business interruption insurance recoveries are presented and disclosed under Sections 220-30-45 and 220-30-50 (450-30-60-2, 450-30-60-3); insurance recoveries under purchased retroactive insurance contracts follow paragraph 720-20-25-3 (450-30-60-4).","A lessor's income from variable lease payments is recognized under paragraphs 842-30-25-2, 842-30-25-9, and 842-30-25-11 (450-30-60-5)."],"categories":["Recognition","Disclosure","Contingencies and guarantees","Presentation"],"audience_level":"introductory","student_note":"Exams love the asymmetry: probable losses are accrued under 450-20, but probable gains are only disclosed — never accrued until realized. The common error is treating a likely litigation win or insurance claim as an accrued receivable, or writing a disclosure that implies recovery is assured.","related_topics":["450-10","450-20","210-20","220-30","720-20","842-30"],"key_concepts":["gain contingency","realization","conservatism asymmetry","adequate disclosure","misleading implications","insurance recoveries","offsetting receivable against liability","variable lease payments"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8280039f69c88fef445cf7136102a3c8a3019ad36d324b98b31033c16d8c4db7","downloaded_from":"2026-09-10T00:27:48.583Z","last_downloaded_at":"2026-09-10T00:28:10.377Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"450-10","title":"Overall","topic_title":"Contingencies","score":0.8515,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e6dc0a322fb9d943e45413759c89c93d1bff5b6c56bdc7303e97eccb448e9de","downloaded_from":"2026-09-10T00:26:49.502Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-20","title":"Loss Contingencies","topic_title":"Contingencies","score":0.824,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7a779f5acc851b6feaf046014d5884ed6bedd41078cc5ca290dba7806f6a03ac","downloaded_from":"2026-09-10T00:27:01.778Z","last_downloaded_at":"2026-09-10T00:27:44.704Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-958","title":"Not-for-Profit Entities","topic_title":"Contingencies","score":0.7258,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54458b3febb62f1019a43a2b93bfaa941504901f9b9a84b149fecc69c2f47f3f","downloaded_from":"2026-09-10T00:28:58.769Z","last_downloaded_at":"2026-09-10T00:29:12.159Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-980","title":"Regulated Operations","topic_title":"Contingencies","score":0.7244,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7101f2199fae44313d3d236420b51ee8ccbe8bd91f6990b4b7daa56e2226876","downloaded_from":"2026-09-10T00:29:15.540Z","last_downloaded_at":"2026-09-10T00:29:23.763Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-954","title":"Health Care Entities","topic_title":"Contingencies","score":0.7102,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc39f2f148875df9435a516009f49b79897d6beb45e55fb02dd5a5d7ef1d956b","downloaded_from":"2026-09-10T00:28:27.303Z","last_downloaded_at":"2026-09-10T00:28:57.040Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"605-40","title":"Gains and Losses","topic_title":"Revenue Recognition","score":0.6914,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:83d2b3759aff4bba2aeddd329006332135802ab2e253f2c4259b79c8bd94bd2c","downloaded_from":"2026-09-10T00:44:00.264Z","last_downloaded_at":"2026-09-10T00:44:30.985Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"450-20","title":"Loss Contingencies","topic_title":"Contingencies","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a752b56c6bb0c09c1df5ccac33f45b1956f06a832f48dcd212c627effc55d84","downloaded_from":"2026-09-10T00:27:01.778Z","last_downloaded_at":"2026-09-10T00:27:44.704Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"450-912","title":"Contractors—Federal Government","topic_title":"Contingencies","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:874f310466e801d520ae285dc12746bb894cf4d2cea8475d286ed95aac6e59c9","downloaded_from":"2026-09-10T00:28:13.837Z","last_downloaded_at":"2026-09-10T00:28:25.535Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2cf765d165bbdcef3057adc296568e6d2dffce35ff9c5fca3363a73d87c8f57c","downloaded_from":"2026-09-10T00:27:48.583Z","last_downloaded_at":"2026-09-10T00:28:10.377Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}