# ASC 450-912-25: Contingencies — Contractors—Federal Government — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/450/912/#25-recognition)

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## ASC 450-912-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/450/912/#25-recognition)

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##### [450-912-25-1](https://asc.understandingaccounting.org/asc/450/912/#450-912-25-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

#### Subcontractor Claims

##### [450-912-25-2](https://asc.understandingaccounting.org/asc/450/912/#450-912-25-2)

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For a discussion of [subcontractor claims](https://asc.understandingaccounting.org/glossary/s/#subcontractor-claims "Those obligations of a contractor to a subcontractor that arise from the subcontractor's costs incurred through transactions that were related to a contract terminated but did not result in the transfer of billable materials or services to the contractor before termination.") as they relate to contingencies, see paragraph [912-20-25-3](https://asc.understandingaccounting.org/asc/912/20/#912-20-25-3).