# ASC 605-40: Revenue Recognition — Gains and Losses Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/40/) 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): 2026-09-10T00:44:00.264Z to 2026-09-10T00:44:30.985Z Record version: sha256:6881bb1e2cbb84dd05e4ed414ad3fb30445222cf3d6dea1690091aa4f7b1decf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40: Revenue Recognition — Gains and Losses ### Machine-generated study aids ```json { "summary": "ASC 605-40 formerly addressed gains and losses arising from involuntary conversions of nonmonetary assets (such as property destroyed by fire or taken by condemnation) into monetary assets like insurance or condemnation proceeds. Every paragraph in the subtopic — scope, recognition, measurement, presentation, and relationships — was superseded by ASU 2014-09 (the revenue recognition standard), so the subtopic contains no remaining authoritative guidance. Entities now look to ASC 610-30 for gains and losses on involuntary conversions and to ASC 606 for revenue from contracts with customers.", "key_points": [ "Every paragraph of ASC 605-40 (Sections 05, 15, 25, 30, 45, and 60) was superseded by Accounting Standards Update No. 2014-09, leaving no operative guidance in the subtopic.", "Because 605-40-15-1 and 15-2 are superseded, the subtopic no longer establishes any scope over transactions, and it cannot be cited as authoritative support.", "The superseded recognition paragraphs (605-40-25-1 through 25-4) and measurement paragraph (605-40-30-1) formerly governed gains or losses from involuntary conversions of nonmonetary assets to monetary assets.", "Guidance formerly in this subtopic on involuntary conversions now resides in ASC 610-30, Other Income — Gains and Losses on Involuntary Conversions.", "Revenue from contracts with customers, which displaced legacy Topic 605, is accounted for under ASC 606, with related costs in ASC 340-40." ], "categories": [ "Revenue", "Transition and effective dates", "Derecognition", "Recognition" ], "audience_level": "introductory", "student_note": "This subtopic is a placeholder shell: it matters only for understanding what ASU 2014-09 replaced, and citing it as live GAAP would be an error. The common misunderstanding is assuming involuntary-conversion gains are now inside ASC 606 — they are not revenue from customers and instead fall under ASC 610-30.", "related_topics": [ "606", "610-30", "340-40", "605", "610-20", "420" ], "key_concepts": [ "superseded guidance", "involuntary conversion", "nonmonetary asset", "monetary asset", "gains and losses", "legacy revenue recognition" ] } ``` Source downloaded (UTC): 2026-09-10T00:44:00.264Z to 2026-09-10T00:44:00.264Z Record version: sha256:3b6be9115b6af2664a8804d7bd3a0c27b712c7a78513e7ab2db8d1587d43fcd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/40/#00-status) SEC content: no ##### [605-40-00-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:00.264Z to 2026-09-10T00:44:00.264Z Record version: sha256:f987114651a12d7e180b765e211e8670ca9d6cce7f984a1f6ee8c3d87de8bb12 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
605-40-05-1 through 05-3
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-15-2SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-25-1 through 25-4
SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-30-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-45-1AmendedMaintenance Update 2017-19 (PDF)11/15/2017
605-40-45-1SupersededAccounting Standards Update No. 2014-0905/28/2014
605-40-60-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:ae7327dc2f087283171de49f31569dd03eb1a163da7b0ae4c6d61dffea0685c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/40/#05-overview-and-background) SEC content: no ##### [605-40-05-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:c5cbc3365ddd991e1e216281e3cd2016b64c3eb907808637827a85aa6ff4fe9c 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/). ##### [605-40-05-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:27de493ce0e758ea2b75ebfbd4002a44974c34b1631ddd25990a4f851386113c 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/). ##### [605-40-05-3](https://asc.understandingaccounting.org/asc/605/40/#605-40-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:02.415Z to 2026-09-10T00:44:02.415Z Record version: sha256:3f2b2fd5c7f08566f53aeaa6e24854d2ddfcac4caaaecae1ef482fd07bf09689 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): 2026-09-10T00:44:05.253Z to 2026-09-10T00:44:05.253Z Record version: sha256:14b39b147259e390c5d218aedb62e3776dc8cc8cbdfaf7fe053b41caab104601 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/40/#15-scope-and-scope-exceptions) SEC content: no ##### [605-40-15-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:05.253Z to 2026-09-10T00:44:05.253Z Record version: sha256:546a3e7abbfdcc9f654db4ad202ba4f213a199ed36840a9e886fce655585f0a0 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/). ##### [605-40-15-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:05.253Z to 2026-09-10T00:44:05.253Z Record version: sha256:c44dac3d0ec83ee15a18b8c930da5f87bbabb3af7925d525caca8d18f6964bc5 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): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:cb527ffd48f6856e7f78e0fc334eb29c79a0804e3c05a30d902fc9073652ee87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/40/#25-recognition) SEC content: no ##### [605-40-25-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:df215011ced8476169b9a13236fbb7894e8be7b07af0bd6a986ab59125413e74 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/). ##### [605-40-25-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:899c6652ba3cc973eecb1f86003ff81ad6fd806a0950974893cefb2d7c0f5025 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/). ##### [605-40-25-3](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:0d0d0ae12481163d788d3a3ce91b96a280604677077dbabe0b242d8d573a105e 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/). ##### [605-40-25-4](https://asc.understandingaccounting.org/asc/605/40/#605-40-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:09.076Z to 2026-09-10T00:44:09.076Z Record version: sha256:3de77468d68f2c3fdd61d5110a89897a9324b7053f8597cf645a232b5ad4a3b5 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): 2026-09-10T00:44:12.484Z to 2026-09-10T00:44:12.484Z Record version: sha256:64198796561361449e31d452f9339b748d47227b69287bed676a0c7b63f97dde Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/605/40/#30-initial-measurement) SEC content: no ##### [605-40-30-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:12.484Z to 2026-09-10T00:44:12.484Z Record version: sha256:457079c6868c05b0d2560399c3467d1dcc516e668c434eb7de0702cd51fead90 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): 2026-09-10T00:44:15.044Z to 2026-09-10T00:44:15.044Z Record version: sha256:786c901445c4515033c8b2ed4dfcff5b9d4389920000b4cbb8b25e6637dfd38c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/40/#45-other-presentation-matters) SEC content: no ##### [605-40-45-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:15.044Z to 2026-09-10T00:44:15.044Z Record version: sha256:990a4f2a2868e20070227587e7d77bf811f37c1e9b51714ea5853e631b5d9cc6 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): 2026-09-10T00:44:16.997Z to 2026-09-10T00:44:16.997Z Record version: sha256:a1df141fb418348314211dd3274e9a5faf2c4b14cdd003f5fd0498046ae8e0f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/605/40/#60-relationships) SEC content: no ##### [605-40-60-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:16.997Z to 2026-09-10T00:44:16.997Z Record version: sha256:45c2c87d34e4e8dabf74ab84aacec1ab56eddd143bb7a86028276e38438a74c0 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): 2026-09-10T00:44:20.519Z to 2026-09-10T00:44:20.519Z Record version: sha256:78f99fb06f4df4567975fead68ea9df5c783a2532ce51c652e27d4688ead9241 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-00-status) SEC content: yes ##### [605-40-S00-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:20.519Z to 2026-09-10T00:44:20.519Z Record version: sha256:c33bfb6e838882ff087c5adbbdd883452e9b5ede617c30903cba64c26a560485 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
605-40-S25-1SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S25-4SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S45-1SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S50-1SupersededAccounting Standards Update No. 2012-0308/27/2012
605-40-S99-1SupersededAccounting Standards Update No. 2010-2208/19/2010
Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:7ee27fc1613f7495d096bc623f79820f65b5d9a88f46c78df1cbf020a9819dc9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S25: SEC 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-25-recognition) SEC content: yes ##### [605-40-S25-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:0b7c2f11dbd8733ce805a901faa005ca6b6eed83b3c11c710ad6d772e6bf433e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). #### Gains and Losses from the Disposition of Equipment ##### [605-40-S25-2](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:3b4a37a213d46a57656b094d520ca122fd685967c7679ba2a593f990e51d8acb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [360-10-S99-1](https://asc.understandingaccounting.org/asc/360/10/#360-10-S99-1), SAB Topic 5.B, for SEC Staff views on the recognition of gains and losses from the disposition of equipment. #### Accounting for the Divestiture of a Subsidiary or Other Business Operation ##### [605-40-S25-3](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:1cb9493e5c2213c61375d531d117c85b7b1ef276713e33dd468a5b78cfc8ed13 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [810-10-S99-5](https://asc.understandingaccounting.org/asc/810/10/#810-10-S99-5), SAB Topic 5.E, for SEC Staff views on gain recognition upon the divestiture of a subsidiary or other business operation. ##### [605-40-S25-4](https://asc.understandingaccounting.org/asc/605/40/#605-40-S25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:22.331Z to 2026-09-10T00:44:22.331Z Record version: sha256:81ec5588f1f2febcbff1a85ed4073df109ab60fd1480fc6a115a8a6ac9094394 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). Source downloaded (UTC): 2026-09-10T00:44:26.319Z to 2026-09-10T00:44:26.319Z Record version: sha256:6a963fa1da1a0acd541a9ba7033d385cd7a6254ac670ed9feddf32328c292f9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-45-other-presentation-matters) SEC content: yes ##### [605-40-S45-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:26.319Z to 2026-09-10T00:44:26.319Z Record version: sha256:d92c4985a6a63e771a340ab4fbd5035b372bce71aa10bc6e740dc5f84a11a192 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). Source downloaded (UTC): 2026-09-10T00:44:28.694Z to 2026-09-10T00:44:28.694Z Record version: sha256:9743bb4adbec915b2cdf0a07e5c34246b04d6ae60b99522e3fdf98807fc725ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-50-disclosure) SEC content: yes ##### [605-40-S50-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:28.694Z to 2026-09-10T00:44:28.694Z Record version: sha256:27bde65ec4f8240bc38b9c428f9c4aa71c77004dedf0d5bb8258ed9acc847ab6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-03](https://asc.understandingaccounting.org/updates/asu-2012-03/). Source downloaded (UTC): 2026-09-10T00:44:30.985Z to 2026-09-10T00:44:30.985Z Record version: sha256:922d00bdc3d691511e727366eccbfda9412ba84df4cbf98074c612f637e0a7fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-40-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/605/40/#sec-99-sec-materials) SEC content: yes ##### [605-40-S99-1](https://asc.understandingaccounting.org/asc/605/40/#605-40-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:44:30.985Z to 2026-09-10T00:44:30.985Z Record version: sha256:c0f01224d1adc1aad9d2032bdc66a2c09876522c2719a366d6fda900e242d756 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2010-22](https://asc.understandingaccounting.org/updates/asu-2010-22/).