# ASC 605-35: Revenue Recognition — Construction-Type and Production-Type Contracts Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/35/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:43:35.687Z to 2026-09-10T00:43:57.745Z Record version: sha256:81dfce75989468fec34d7e8083e398c41769220980dd4099973e7b068f5afc90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35: Revenue Recognition — Construction-Type and Production-Type Contracts ### Machine-generated study aids ```json { "summary": "After ASU 2014-09 superseded the old percentage-of-completion/completed-contract revenue guidance, ASC 605-35 survives only as the loss-provision guidance for construction-type and production-type contracts — contracts built to a customer's specifications. Its core rule is that when current estimates of the consideration expected (measured under Topic 606's transaction price principles, without the variable consideration constraint, and adjusted for customer credit risk) fall below estimated contract costs, the entire anticipated loss is recognized immediately in the period it becomes evident. The subtopic also specifies whether the loss is measured at the contract, combined-contract, or performance obligation level, and how the provision is presented in the income statement and balance sheet.", "key_points": [ "Scope covers all contractors performing contracts for which specifications are provided by the customer — construction, ships, aerospace/electronic equipment, construction consulting, architectural/engineering services, and software arrangements requiring significant production, modification, or customization (605-35-15-1 through 15-3); third-party or marketplace-imposed specifications count as buyer's specifications.", "Excluded are standard manufactured goods sold through regular channels, supply contracts from inventory or continuing production, program-method contracts, consumer service contracts, magazine subscriptions, NFP membership arrangements, leases and other topics with special methods, and federal/cost-plus-fixed-fee government contracts under Topic 912 (605-35-15-6).", "The entire anticipated loss on a contract must be recognized as soon as the loss becomes evident — that is, in the period the estimated consideration less estimated contract cost indicates a loss (605-35-25-45; 605-35-25-46).", "The expected consideration is measured using Topic 606's transaction price determination and allocation guidance in 606-10-32-2 through 32-27 and 32-28 through 32-41, but excluding the constraint on variable consideration in 606-10-32-11 through 32-13, and is adjusted for the effects of the customer's credit risk (605-35-25-46A).", "Contracts are combined for loss purposes only if they meet the criteria in 606-10-25-9 (605-35-25-7); otherwise the loss is measured at the contract level, and an entity may make an accounting policy election, applied consistently to similar contracts, to measure loss provisions at the performance obligation level instead (605-35-25-47).", "Estimated loss costs include all costs allocable to contracts under 340-40-25-5 through 25-8, plus consideration of variable consideration such as target penalties and rewards and price redeterminations, nonreimbursable costs on cost-plus contracts, and change orders accounted for as modifications under 606-10-25-10 through 25-13 (605-35-25-49); cost-type contracts can generate losses through guaranteed maximum reimbursable costs or performance penalties (605-35-25-48).", "Presentation: the provision is reported as additional contract cost (a component of cost in computing gross profit), not as a reduction of contract revenue, and is not shown separately unless material or unusual/infrequent (605-35-45-1); significant loss provisions are shown as a current liability on a classified balance sheet unless deducted from related accumulated costs (605-35-45-2)." ], "categories": [ "Revenue", "Recognition", "Presentation", "Contingencies and guarantees" ], "audience_level": "intermediate", "student_note": "Students often assume ASC 605-35 was wholly wiped out by ASC 606 — in fact it is the one piece of legacy construction-contract guidance that lives on, providing the only U.S. GAAP onerous-contract rule for these contracts (ASC 606 itself has none). The trap is measurement: you use Topic 606's transaction price mechanics but deliberately ignore the variable consideration constraint and add a credit-risk adjustment, and the loss is measured at the contract level unless you elect the performance obligation level.", "related_topics": [ "606-10", "340-40", "912", "985-605", "450-20" ], "key_concepts": [ "provision for anticipated contract loss", "construction-type and production-type contracts", "customer specifications", "contract combination", "performance obligation level policy election", "transaction price without variable consideration constraint", "customer credit risk adjustment", "onerous contract presentation" ] } ``` Source downloaded (UTC): 2026-09-10T00:43:35.687Z to 2026-09-10T00:43:35.687Z Record version: sha256:249c33ce8d670237550a23a8277fe816292dfcbc3a21bfd035c578642d9e62ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/35/#00-status) SEC content: no ##### [605-35-00-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:35.687Z to 2026-09-10T00:43:35.687Z Record version: sha256:e8bacbb0dc0ac539299bd4cb4ea9da8261de5d640ffc7e05cc9b53618a3517b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Performance ObligationAddedAccounting Standards Update No. 2014-0905/28/2014
Profit CenterSupersededAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
605-35-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-05-2 through 05-13
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-15-2AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-15-3AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-15-6AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-1 through 25-6
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-7AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-8SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-9SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-10AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-11 through 25-44
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-25-45AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-46AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-46AAddedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-47AmendedAccounting Standards Update No. 2016-2012/21/2016
605-35-25-47 through 25-49
AmendedAccounting Standards Update No. 2014-0905/28/2014
605-35-25-50 through 25-99
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-45-3 through 45-5
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-50-1 through 50-11
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-35-55-1 through 55-10
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:356618da9a3b3d590e3f5becf09b22220e68c796d8927a3a1ac3dc7a619f79a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/35/#05-overview-and-background) SEC content: no ##### [605-35-05-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:f57af79663c5bb3df9e14fc4f216b356fb2c85babaf6b63c41ea8b995730eb0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on the accounting for a provision for losses on a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") for which specifications are provided by the [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") for the construction of facilities or the production of goods or for the provision of related services. ##### [605-35-05-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:42b87b4355c11b0344f0138706df58fffc3433354f06a319552fee3159531df5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:c0ab58f37c3c87f4675408913a44b84dd3344120ba393cd98b6ec7a9eb8739cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:2d461443048b06e6e1c34d6bc8470885cd410bf546f5cfb0bb08c3af17bf7b9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:1e4668dea1ab716acf8ea160235700ddd482d8d6906ae8a22b716c7b9c3b1e87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:b19565d0a70d946ed68abdac977abaf10a55d7540a28e370444748eb999a2b07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:ffad7fcf9945ac389607cce6e927e89da3ca38c09e505e94aa0d4357b2c0252e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:4b8141967070a252a3409a59e10fbd70dfb7012fb0d95d0a97781de4e03f487d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:7dc7ff7e78b099980caa3d166f7c38e5ebc20380a2ec50a9bb524abc8692c781 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:f8fb0e0178bb124622c43bba70e839a653449ee899b2e25807053fb89b6659d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-11](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:e309c1f2c58dd3bff9f111a6249dfc9377f7a1bf2e59f7297756c0ac8526ffc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-12](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:1d693f95cb4c935c81cc9034d65f7e98c33300de7c73c37f2b6cee4963c6fe1c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-05-13](https://asc.understandingaccounting.org/asc/605/35/#605-35-05-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:37.434Z to 2026-09-10T00:43:37.434Z Record version: sha256:8e2ee44098291aa13f7baacd60d68ac49ed8969356b65e3ce3648c71fbc95048 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:b9033f410d608496ea2ecc9bc92e2e42b03d1bf806a49767f3b35d3c396a1571 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/35/#15-scope-and-scope-exceptions) SEC content: no #### Entities ##### [605-35-15-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:5e41a64d03147230710a175de3605cac684f6b5bcd7b7e427c5cbc17449b7600 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to all [contractors](https://asc.understandingaccounting.org/glossary/c/#contractor "A person or entity that enters into a contract to construct facilities, produce goods, or render services to the specifications of a buyer either as a general or prime contractor, as a subcontractor to a general contractor, or as a construction manager."). #### Types of Contracts ##### [605-35-15-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:68502c3243159dac20e39d0ad6ba878ba589c7f0d1f443c1b0191604eab6a0fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to: 1. a The performance of [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") for which specifications are provided by the [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") for the construction of facilities or the production of goods or the provision of related services. However, it applies to separate contracts to provide services essential to the construction or production of tangible property, such as design, engineering, procurement, and construction management (see paragraph [605-35-15-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-3) for examples). Contracts covered by this Subtopic are binding agreements between buyers and sellers in which the seller agrees, for compensation, to perform a service to the buyer's specifications. Specifications imposed on the buyer by a third party (for example, a government or regulatory agency or a financial institution) or by conditions in the marketplace are deemed to be buyer's specifications. ##### [605-35-15-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:037b1af70aafb25e0c7c9fe637d3ea72d74810ff21a922db89ad7e88a5d8b315 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contracts covered by this Subtopic include, but are not limited to, the following: 1. a Contracts in the construction industry, such as those of general building, heavy earth moving, dredging, demolition, design-build contractors, and specialty contractors (for example, mechanical, electrical, or paving). In general the type of contract here under consideration is for construction of a specific project. While such contracts are generally carried on at the job site, this Subtopic also would be applicable in appropriate cases to the manufacturing or building of special items on a contract basis in a contractor's own plant. 2. b Contracts to design and build ships and transport vessels. 3. c Contracts to design, develop, manufacture, or modify complex aerospace or electronic equipment to a buyer's specification or to provide services related to the performance of such contracts. 4. d Contracts for construction consulting service, such as under agency contracts or construction management agreements. 5. e Contracts for services performed by architects, engineers, or architectural or engineering design firms. 6. f Arrangements to deliver software or a software system, either alone or together with other products or services, requiring significant production, modification, or customization of software. ##### [605-35-15-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:e55f95f5447fec3343437f8605929eee1c5e74aff176a1a610c4e8813bd7f772 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contracts covered by this Subtopic may be classified into four broad types based on methods of pricing: 1. a A [fixed-price contract](https://asc.understandingaccounting.org/glossary/f/#fixed-price-contracts "A fixed-price or lump-sum contract is a contract in which the price is not usually subject to adjustment because of costs incurred by the contractor. See also the following common variations of fixed-price contracts: Firm Fixed-Price Contract Fixed-Price Contract with Economic Price Adjustment Fixed-Price Contract Providing for Prospective Periodic Redetermination of Price Fixed-Price Contract Providing for Retroactive Redetermination of Price Fixed-Price Contract Providing for Firm Target Cost Incentives Fixed-Price Contract Providing for Successive Target Cost Incentives Fixed-Price Contract Providing for Performance Incentives Fixed-Price Level-of-Effort Term Contract.") is an agreement to perform all acts under the contract for a stated price. 2. b A [cost-type (including cost-plus) contract](https://asc.understandingaccounting.org/glossary/c/#cost-type-contracts "Contracts that provide for reimbursement of allowable or otherwise defined costs incurred plus a fee that represents profit. Cost-type contracts usually only require that the contractor use his best efforts to accomplish the scope of the work within some specified time and some stated dollar limitation. See also the following common variations of cost-plus contracts: Cost-Plus-Award-Fee Contract Cost-Plus-Fixed-Fee Contract Cost-Plus-Incentive-Fee Contract (Incentive Based on Cost) Cost-Plus-Incentive-Fee Contract (Incentive Based on Performance) Cost-Sharing Contract Cost-Without-Fee Contract.") is an agreement to perform under a contract for a price determined on the basis of a defined relationship to the costs to be incurred, for example, the costs of all acts required plus a fee, which may be a fixed amount or a fixed percentage of the costs incurred. 3. c [A time-and-material contract](https://asc.understandingaccounting.org/glossary/a/#time-and-material-contracts "Contracts that generally provide for payments to the contractor on the basis of direct labor hours at fixed hourly rates (that cover the cost of direct labor and indirect expenses and profit) and cost of materials or other specified costs. Common variations of time and material contracts areas follows: Time at marked-up rate Time at marked-up rate, material at cost Time and material at marked-up rates Guaranteed maximum cost—labor only or labor and material.") is an agreement to perform all acts required under the contract for a price based on fixed hourly rates for some measure of the labor hours required (for example, direct labor hours) and the cost of materials. 4. d [A unit-price contract](https://asc.understandingaccounting.org/glossary/a/#unit-price-contracts "Contracts under which the contractor is paid a specified amount for every unit of work performed. A unit-price contract is essentially a fixed-price contract with the only variable being units of work performed. Variations in unit-price contracts include the same type of variations as fixed-price contracts. A unit-price contract is normally awarded on the basis of a total price that is the sum of the product of the specified units and unit prices. The method of determining total contract price may give rise to unbalanced unit prices because units to be delivered early in the contract may be assigned higher unit prices than those to be delivered as the work under the contract progresses.") is an agreement to perform all acts required under the contract for a specified price for each unit of output. ##### [605-35-15-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:33db7cad17d587e77697e7aae7d4cb1fbf2933a1aa7f267a1603e18d24057d8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Each of the various types of contracts may have incentive, penalty, or other provisions that modify their basic pricing terms. The glossary definitions for each of the contract types listed in the preceding paragraph contain greater detail about the pricing features. ##### [605-35-15-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-15-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:39.399Z to 2026-09-10T00:43:39.399Z Record version: sha256:965a03d5494a8c3f3b3a2b64149b822b158f53b2e20f07d18f42c1001f1d5c66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contracts not covered by this Subtopic include, but are not limited to, the following: 1. a Sales by a manufacturer of goods produced in a standard manufacturing operation, even if produced to buyers' specifications, and sold in the ordinary course of business through the manufacturer's regular marketing channels, if such sales are normally recognized as the sale of goods and if their costs are accounted for in accordance with generally accepted principles of inventory costing. 2. b Sales or supply contracts to provide goods from inventory or from homogeneous continuing production over a period of time. 3. c Contracts included in a program and accounted for under the program method of accounting. For accounting purposes, a program consists of a specified number of units of a basic product expected to be produced over a long period in a continuing production effort under a series of existing and anticipated contracts. 4. d Service contracts of health clubs, correspondence schools, and similar consumer-oriented entities that provide their services to their clients over an extended period. 5. e Magazine subscriptions. 6. f Contracts of not-for-profit entities (NFPs) to provide benefits to their members over a period of time in return for membership dues. 7. g Contracts for which other Topics in the Codification provide special methods of accounting, such as leases. 8. h Cost-plus-fixed-fee government contracts, which are discussed in Topic 912, other types of cost-plus-fee contracts, or contracts such as those for products or services customarily billed as shipped or rendered. 9. i Federal government contracts within the scope of that Topic. 10. j Service transactions between a seller and a purchaser in which, for a mutually agreed price, the seller performs, agrees to perform at a later date, or agrees to maintain readiness to perform an act or acts, including permitting others to use entity resources that do not alone produce a tangible commodity or product as the principal intended result (for example, services, not plans, are usually the principal intended result in a transaction between an architect and the customer of an architect). Source downloaded (UTC): 2026-09-10T00:43:43.108Z to 2026-09-10T00:43:43.108Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/605/35/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:7cf9c2803b8c81cf1d1a467740c67cfaf9eabbc6a3b8cf9fa220bd9af6984449 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/35/#25-recognition) SEC content: no ##### [605-35-25-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:be3efd9c65efdf0715b990d491723cff1799972486e610094b0ca74bf22dbd7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:69f33c471378066274ec87a9f1be136f472a3f28823b596e57502780e04df34a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d31cee9b1990603e61b8dad475f58064dda6500ad2e45393d6e3456e1b1bd780 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:91f45fecf8579f143a7b87ce122c1768aca1234528f091e842d3eaea31ee621f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:484aad4318974c4b9abb0026ecdb863863e76863bcda30ce1ced1905a8a11ea9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1588fdb370eaf6fdbccf1cc72b44b691bdf127249a1d12d6546f32b77032c243 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Combining Contracts ##### [605-35-25-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:fec237a320ad0b6fec99329d0ad8eb95e2bb50c895d82eee26d5fe0229a3efcc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") shall be combined to determine the need for a provision for losses in accordance with paragraphs [605-35-25-45 through 25-49](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-45) only if they meet the criteria in Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from contracts with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), specifically paragraph [606-10-25-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-9). ##### [605-35-25-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:061e91962563e06299dd1fe8ce5038179a37a9d99b38b512df64e4be3b54e5e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a61c26941ee0e3cd60a57cedaa4bd56bfec3434517b7c077e39957c923b0c0db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Identifying Performance Obligations ##### [605-35-25-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ec37989b70294985dfd616a170ae6efbba62b61d2d37fb74d4ff317881d0c165 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A single contract or a group of contracts that otherwise meet the criteria for combining (see paragraph [605-35-25-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-7)) may include more than one [performance obligation](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer."), identified in accordance with Topic 606 on revenue from contracts with customers, specifically paragraphs [606-10-25-14 through 25-22](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-14) . ##### [605-35-25-11](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a1124528cb29d068a276c00fd115c88b142c26ac408b27598fb93c1ea6b80921 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-12](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d0fa66430abf586cc718c9c802702a9999c289e27c393b8f712cd38fd33f099d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-13](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:13821581b92eadd838af96909c05064d28676f2e5e5bf74d727243085fe17770 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-14](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:880d527017086d9f936e9aaebf945237213a0f3c28d26012d486cd5fb9af1268 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-15](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:7f4e13b30f71edff4114cc6164244fb18800df217d6d2e0ce78740f94f325134 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-16](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:dc087611bb3b2003636a36c1734a720cf398cfa871bd7f43734e6c3b58982307 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-17](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:e7de4c64e534867406f548cb2c3c5bc0fdae0fafd069dd79e3a83aef80eb1049 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-18](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0fc5d9ccc3c0d8951ad223ff9e98f02375169579bcc2e067349d200466652c70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-19](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1e06f625ab93edae4ad8d1c785017c6ed9f24c95a789a1377cb07044600b300e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-20](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0aa5c2690771aa4d32aae6638275a23a9f945cefc30ffc17040e62908f1c8dc8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-21](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:5dc5d81012a6bcb5eec0c670a454f14b4363718cdb19fffb605085188d628a71 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-22](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c128f4705aa013582fc3e008ee6dc947acb7250bb5d7fd4498041a66878ce546 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-23](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:8c605778b03d00ccf1a3d634fa635a5c50bb2bb9023f56a2d1820549432c21b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-24](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1e0b74c27e2b5923349501aea7993a9ccce1199842b9aa18e03051401bfde642 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-25](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:89146ddc81801d22e14d59924b5c4aed1ce417a3538510f686ae2da69c48ccc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-26](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:569965fa2f5dcb86d92b39d0d4dd71936750dd2b3befa1fd8793b99747842bab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-27](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:6bc3c7252baef7fa93983f5cf44e27b443c242bf282c8799b96948292efa7d8a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-28](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:96c98060a996da04c2a01b87777919e02d82e9f9dd328050b8a7289255c7f222 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-29](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:e1e36f182640417394e7b74cd1277aabfb61b9bbf6b6c231ca7ae5974dc280b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-30](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2c36f4d2309183d0465947e1b0883adfd8c8b146b69b3abc97c451ede3b5d761 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-31](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:6b22a586feb2f7a3e65cfedc7ed793466e3ca2f3206aab87de2b83fc3a7b1bbd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-32](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:05af8371e62a42c2665b79d4f5ce1a720f917b261b7eb5496fc7e763f95a8186 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-33](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:377a65b87a5e65bea47eabdb45ed8882dea4cba8c0254a9fce7d87af81e7c1a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-34](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:17525ff50d5c4b37aba52ca24dea058a3154a1fcee4ee3fb57745df602e28e9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-35](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:3815f24a56dc7a5ef4056c0177dc8b592a2232b8ea5672d6f4238c73b977946b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-36](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:473ec1b3cd4f2ee2bfa6d9d8a19cdd3a7a07d6be1cfc693e42979af22a2c0a28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-37](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a0402923037ecd538c34de5623a3dff6c2b4ae52469546b42c582d0fd15e43b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-38](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:92b039210e206584ad956244b88f733cabb6a580066d8d42ec996176fa94222c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-39](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2d0dea241a2c93d7b293226f08d8087b5f693fb346aeb868dfc00ad9f152b45f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-40](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ea7545b10069bb3b5c2d2219712effc644444fbb0b5cd93893148fa6d7ac2952 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-41](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:cbd874cffa7ce2053ea2b01fe31f1890aa7f7c752155be34121a2739d5d1c9ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-42](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-42) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:877f78a9f46fe653698836c886c5aaa1ae3b3209249ce4128c9c105821db4763 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-43](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-43) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:42327b28255e055d4a2624626bb6201b039f9455fb19013c9ad277c2449ed2e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-44](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-44) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:948386558ca083ef7d4e6d28d994051760fd9d4a5e27697c4852183a29a6136e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Provisions for Losses on Contracts ##### [605-35-25-45](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-45) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:bd4551f04f671b772ff03ee564b5b72451983438fd1b2282ac59ef85fe209da9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a contract on which a loss is anticipated, an entity shall recognize the entire anticipated loss as soon as the loss becomes evident. ##### [605-35-25-46](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-46) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4baf512460dde1542fb0755d1f8c847f82e5aa1d5195ea98342d7b3e588b6db9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When the current estimates of the amount of consideration that an entity expects to receive in exchange for transferring promised goods or services to the [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), determined in accordance with Topic 606, and contract cost indicate a loss, a provision for the entire loss on the contract shall be made. Provisions for losses shall be made in the period in which they become evident. ##### [605-35-25-46A](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-46A) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d359bc9e2e5ddd6e1bd69b6f8beffa2a74f1aa8d51f0e89c9b8b659fc45df2be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the purpose of determining the amount that an entity expects to receive in accordance with paragraph [605-35-25-46](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-46), the entity shall use the principles for determining the transaction price in paragraphs [606-10-32-2 through 32-27](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-2) (except for the guidance in paragraphs [606-10-32-11 through 32-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-11) on constraining estimates of variable consideration) and allocating the transaction price in paragraphs [606-10-32-28 through 32-41](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-28) . In addition, the entity shall adjust that amount to reflect the effects of the customer's credit risk. ##### [605-35-25-47](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-47) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c88d116415f2b280279cd6f3a38d235554a9955ca0b50de41fb54a4d3aee6518 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a group of contracts are combined based on the guidance in paragraph [606-10-25-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-9), they shall be treated as a unit in determining the necessity for a provision for a loss. If contracts are not combined, the loss is determined at the contract level (see paragraph [605-35-25-45](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-45)). As an accounting policy election, [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") identified in accordance with paragraphs [606-10-25-14 through 25-22](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-14) may be considered separately in determining the need for a provision for a loss. That is, an entity can elect to determine provisions for losses at either the contract level (including contracts that are combined in accordance with the guidance in paragraph [606-10-25-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-9)) or the performance obligation level. An entity shall apply this accounting policy election in the same manner for similar types of contracts. ##### [605-35-25-48](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-48) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b4970e84778d1d98a2dde19cc209add1fa4fcd343bc98c1b7964990df1eb826e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Losses on cost-type contracts may arise if, for example, a contract provides for guaranteed maximum reimbursable costs or target penalties. In recognizing losses for accounting purposes, the contractor's normal cost accounting methods shall be used in determining the total cost overrun on the contract, and losses shall include provisions for performance penalties. ##### [605-35-25-49](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-49) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ff665156342ca2f716fe6cee7e784e6507475c61794609bd5c743002dcf796d2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The costs used in arriving at the estimated loss on a contract shall include all costs of the type allocable to contracts under paragraphs [340-40-25-5 through 25-8](https://asc.understandingaccounting.org/asc/340/40/#340-40-25-5) . Other factors that should be considered in arriving at the projected loss on a contract include all of the following: 1. a Variable consideration, (for example, target penalties and rewards and potential price redeterminations) 2. b Nonreimbursable costs on cost-plus contracts 3. c Change orders that meet the guidance to be accounted for as contract modifications in accordance with Topic 606 on revenue from contracts with customers, specifically paragraphs [606-10-25-10 through 25-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-10) . 4. d [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-50](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-50) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:6b24fefa3724978abbb279e9a89263959845e79065dbcaa07ceadd51f976eddd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-51](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-51) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a937e542e8bc1409f338e017f18acf780956f3e63441ee6b87473f553e09e833 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-52](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-52) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ce67f7648e604c8b0c4c709ec5075e1b8cbf739ba9f6c8a60b5dc7871ca122ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-53](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-53) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:dfcc06883f7b8644760b01de65a97d7e4b63da14333425444b26cc23e8697fe6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-54](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-54) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:668b674fdcc678677ee692877ffa3cb0100f511a070e0f36899926be33caee03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-55](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-55) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4d7acee40110ac9d5f5fef119591218aa4be38cfc7aa1ff8d1a1e05b3a4c0a3f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-56](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-56) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:385590fed1d1017f49ef3064efcb383c9eb1f91005a63fd38cbbe95a719c23f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-57](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-57) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:48359e0932d589e6e267799866e7d7b1656a0fcbfeaa1034372c41a74c620606 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-58](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-58) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b118fb150917d6ed26ddfe2830e7c30f6e56cca02c6336167112c3af47291ab6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-59](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-59) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a461d1a29ba74b1e3b38b4fcf2aa2d1a8df1b1cff4ff6a928b7c3f7512b22ffc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-60](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-60) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2f71018b2aed4db955c09ba244a1136890e786f002bae259c060cc60990cf912 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-61](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-61) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1dfbb4e82e5aaa756f9d32d59bdde074672dc3f2e17b333c83fd33c627628279 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-62](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-62) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:299bdbb7435fb2d8c931dc39b86cf084fef2dc4b77d089a1f67930462ab6e8cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-63](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-63) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:aaaf8151820a757af30cd06666cca14dac4330cb306e29bd0eb177b37d361457 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-64](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-64) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0ece965bdb71b0f18a991c1719b201ea04c64d983e6c0d4445a6e7f5d634380e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-65](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-65) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ff76852f2cdd09e45e38f22cba5480eb7764a2c23fc85f2f1eae92b7f0061254 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-66](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-66) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:00c1b53f0fd9113cc01caf4d82d76f91b34f2a94b3f8b3ac054a14328336b90b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-67](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-67) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c32f6218fdfa95777dbc19a530ea9f27831ab1691b0a78849d7b814e9391b3ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-68](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-68) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:9b19f39b705b68744f71ab020f1402b16b06660073e81a1451582b198e9eea80 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-69](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-69) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:2d0afcca294c9aa2ad007980e23ca218f60a7677ed82d07026ffb839b59b90c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-70](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-70) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:76f710ae9c0662bc76a170163dff9346631de50600429a2293bf92c0b456a98c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-71](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-71) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:0415cc9fd32d738d00bcca02d21d9866530b025acf5305fcef44d107f3556a83 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-72](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-72) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4fdb271db74ee5923467b8bf6ae789b9137251912603554f5f1dfcb7ba91715a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-73](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-73) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:579ffbe074dc1aaf318adbf6341bfb4b9cc3d1ff6b8514c98f5a980ca41cb86e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-74](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-74) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a713f26be2018a49223bdf660a55018d132f93cda2a8d0bcd862270b2b1168d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-75](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-75) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b9cf1df8330bd02507c0e248943ee87d92c90fa33e181fafffc26d3b4aba5b7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-76](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-76) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:60084b1ff52a0505d478384e3d7a847453a183a0cf2c38d503e7b819c92f1081 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-77](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-77) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d1d46bd84e55ad8bc1c407088783e0c82a4e9d06dfbef1f78a5d349a9ddd4677 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-78](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-78) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:b54aef9c9ba22d747d61321d514fe787291a044bbcc41b3b0dde3708acd2e213 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-79](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-79) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:898ccaa1e69110ccbf6f2e55aee17d9261d3ecf3621f2215aac5a70db4405cec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-80](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-80) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4e82cdda38502afa2b10654f9b44ec637a03776d27c3b2b6444e583beccc828e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-81](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-81) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:9533dc06f2feeb34a73180749a8cae6b6074cc9e0937caad6b60febdadd0861d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-82](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-82) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:203dffee411a316e2d59c298559dae1bb03dc7054d5c45c07d846d7b3d74b5eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-83](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-83) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:81bdd7c46f533ddb2f4da6e6e80eae4f74d3b8d5006a3a2655ca87e6db844b7f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-84](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-84) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1ef7ba3283379526714286d4f24df84c863f710a8edb536f2c8b7945a9fd00d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-85](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-85) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:a5e062ea9ad07defdf27f9b7fc661c18d68003c7fe4ee41af6a46ba29e46a4ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-86](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-86) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:492654806a500a3ef6107e413e57902e453d000ae51f5f737fa0136884437d34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-87](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-87) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:8f2d397de3aad752df98eb176cea57b24fddc5ea2049e47d798d22a60917c4eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-88](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-88) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:eef7d23ceb67a033033fbff2c2c578734f164be3eea9a4ccf4daccc7eeee8f3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-89](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-89) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:06cbe3c048ba69d673dc7579258d77c47c32d74fef75d7acd8f391d0c0bbf844 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-90](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-90) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:1369a89052d6b797b61bb4e0c815d4e24594a6165f74b920f636e97ed5aec69f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-91](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-91) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:c2aaddce184b1d628efede74206af68e989fc0d01052e2f812aaf1f0060fcf19 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-92](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-92) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:d33ddd9934fbe7bdec786ae29cd63020f55ad380096b43a709ca53aaba75d35d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-93](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-93) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:ab1ddcbeb875ff326b6054f6858a7ea63c55ef38cd50ab17a13cb42e66463d6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-94](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-94) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:8007b0e831daa8494426c42bea9bc0ceb62c31b45291255d1dc32d55c6c103e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-95](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-95) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:5b33b8cb83641b6fa7669f266475af8aa5af9079dabe05a9f79ca9a8a41d8154 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-96](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-96) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:81e1f360f9952228df571f8fdd5ddc1355b03100c0b44094778cdee272be1637 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-97](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-97) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:4ccd099de67c1172dab5b97ae72bc9fed814391764e6ec6eb290275302a8656d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-98](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-98) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:84498da512b2d153a10795686b5f1ddf29ef895587ae50f64d41f20c881d1e11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-25-99](https://asc.understandingaccounting.org/asc/605/35/#605-35-25-99) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:45.776Z to 2026-09-10T00:43:45.776Z Record version: sha256:9f1ec29300e48cc01691711ccda50a157c19214e7efb954e8db990d3974959d8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:1e2c8eff8dcc1eb2a790931f19b07966657e02f91a28dfebd011a4514d775d24 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/35/#45-other-presentation-matters) SEC content: no #### Provisions for Anticipated Losses on Contracts ##### [605-35-45-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:910991abf3b157acf8aae62c867d3c94613d6dfe1222d8467cef71237f0e64c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The provision for loss arises because estimated cost for the contract exceeds estimated revenue. Consequently, the provision for loss shall be accounted for in the income statement as an additional contract cost rather than as a reduction of contract revenue, which is a function of contract price, not cost. Unless the provision is material in amount or unusual or infrequent in nature, the provision shall be included in contract cost and shall not be shown separately in the income statement. If it is shown separately, it shall be shown as a component of the cost included in the computation of gross profit. ##### [605-35-45-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:356f61b01894e9754ed511ad77e93d4204a94e2a44875d241cacfeede8440a42 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Provisions for losses on contracts shall be shown separately as liabilities on the balance sheet, if significant, except in circumstances in which related costs are accumulated on the balance sheet, in which case the provisions may be deducted from the related accumulated costs. In a classified balance sheet, a provision shown as a liability shall be shown as a current liability. ##### [605-35-45-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:2ecea455e1f55afc09111b790cab2046ef3479f39b47dbb3d650dc01e77213b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-45-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:39cf76befd435e0a1a3e9d787b61d02dc0f01b144a146e33f156604f5eb74476 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-45-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:49.295Z to 2026-09-10T00:43:49.295Z Record version: sha256:c7f68d35fd7b3253e309180f3092eea20ed3557cd78f2357ec30fe7306c496ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:9fb91d87183c3c0f4bac7eb78ade4ece73cb92baa9ec490f220955d81df19e8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/35/#50-disclosure) SEC content: no ##### [605-35-50-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:b568dd8c76a51b69836005aab320bc939d15180c0445cec96ac726fc91f6019a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:7b77fce50fa9ae7322cd12e79eca53caaca4a2aed7c62f5791bb7fbd10094b02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:1c98f5e2a1f0f0234beb7b2f5c8abe00de53723df807d87f4c20dc7919467e34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:5b1ea9784a550422ee6f73c697172dc331311de51fa66d8fdfc948d34c14bfda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:2edc4032176ed16df835e8994974502b68bb0482fead362b3f2fa851afa8da44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:eecaae5259fe0af2cad542d8d057b7861f51df7a26f8afdc5765840620dad25f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:a88779fbce427db5fff9f0bb6d7fe366b7c358b29dac9ce7294a9900dd375404 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:a9308ba5eb5b0f421cfec1999a94660b37e69bf14bf1e5889f3c55e6934a4f3b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:5b51ff43f08d0f7b37e1d07b9089235ca8c78beda38a939be2406cf3f90207d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:a026decb2afae82261f134c15edbfefa5ae21103b60da94b13f4c3cfb2b2bcda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-50-11](https://asc.understandingaccounting.org/asc/605/35/#605-35-50-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:52.612Z to 2026-09-10T00:43:52.612Z Record version: sha256:dd26b7a5085abefdb61ae1a2f45573a417e8b01187610c81704e2431a797398e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:d353c2c3bb44fe1d6b78a34b17ddf46dfda37a3ba463346bfc741c8b361a226a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/605/35/#55-implementation-guidance-and-illustrations) SEC content: no ##### [605-35-55-1](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:84055e477be3f70cf77aeb35243fc93286e1cfebfa6b1cff209eab63836e1df4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-2](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:8f217b58261c1a2cb8e5386cbecb6a5661d281ba6a2abce6f8a758b51377f7a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-3](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:c227e49f8a17e34472bd4bc738ec742c1b57467794541999aa5401922934d9be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-4](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:bf5e2271b10314df7ab74621ca0c5f817fd899c53d00a9db3568899c18a0aa95 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-5](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:057bd2921f1d6ee445366735939169faa7a4e05a1cafac3b24a1254c408f217e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-6](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:a0d71d88352fe01ee2f0b618ff5987ee249cafb784651b58259fbb2fee0da60e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-7](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:da0ac674b47064ebbb00bacf6832c97b9b184c3a820e3d5d06d0657548c0aee4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-8](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:41df6154d65009acade7b5ffd83a856dd6eee9f752085a87af5c90be7e2544ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-9](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:4dd8f7924cc8315882e90b05e469a77269dff0e0bacfa4a4602e2c0176fa56e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-35-55-10](https://asc.understandingaccounting.org/asc/605/35/#605-35-55-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:43:55.232Z to 2026-09-10T00:43:55.232Z Record version: sha256:802c4f10e0e328ec4aaa195e957d86d088ef7fff132d63f17b92cd69590b9b7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:43:57.745Z to 2026-09-10T00:43:57.745Z Record version: sha256:3be79ae98aaf7b4614a7e89d4784542245c9c0a6d8fef36f37d13b4414bf28be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-35-75: 75 GAAP Taxonomy Elements [Read section](https://asc.understandingaccounting.org/asc/605/35/#75-gaap-taxonomy-elements) SEC content: no