{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/470/30/#40-derecognition","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.","topic":"470","topic_title":"Debt","subtopic":"470-30","subtopic_title":"Participating Mortgage Loans","section":{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"470-30-40-1","para":"40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_62213632-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If the participating mortgage loan is extinguished before its due date, the difference between the recorded amount of the debt (including the unamortized debt discount and the participation liability) and the amount exchanged to extinguish the debt is a debt extinguishment gain or loss.</span></span></div></div>","snippet":"If the participating mortgage loan is extinguished before its due date, the difference between the recorded amount of the debt (including the unamortized debt discount and the participation liability) and the amount exch…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a726b049a4d9a6f90113d193f38b607784e40a4a225380ddc2aac9038b1c8095","downloaded_from":"2026-09-10T00:32:14.766Z","last_downloaded_at":"2026-09-10T00:32:14.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481269","source_sha256":"cc8be5f792c2c4465b5586cdae8aa405c229450ecea6478d26365085c3d3a9ee"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8d550cbd7fb87d0f40dc72f9f5b6906d8b7b270191dec438e191e8f0458ee80","downloaded_from":"2026-09-10T00:32:14.766Z","last_downloaded_at":"2026-09-10T00:32:14.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481269","source_sha256":"cc8be5f792c2c4465b5586cdae8aa405c229450ecea6478d26365085c3d3a9ee"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e27040948363532772f3e801638fb486dc5c5e77f6827486f64a616354ee630a","downloaded_from":"2026-09-10T00:32:14.766Z","last_downloaded_at":"2026-09-10T00:32:14.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481269","source_sha256":"cc8be5f792c2c4465b5586cdae8aa405c229450ecea6478d26365085c3d3a9ee"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e27040948363532772f3e801638fb486dc5c5e77f6827486f64a616354ee630a","downloaded_from":"2026-09-10T00:32:14.766Z","last_downloaded_at":"2026-09-10T00:32:14.766Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481269","source_sha256":"cc8be5f792c2c4465b5586cdae8aa405c229450ecea6478d26365085c3d3a9ee"}}