{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/978/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"605","topic_title":"Revenue Recognition","subtopic":"605-978","subtopic_title":"Real Estate—Time-Sharing Activities","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"605-978-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d3cd7df112931656a9f70655382b73061f9fe654fc9598c5381572f317de0d8","downloaded_from":"2026-09-10T00:53:27.085Z","last_downloaded_at":"2026-09-10T00:53:27.085Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478875","source_sha256":"3c00d245a5887d4abcda1fc2a26246c03daa86af2256dd169170fbb097e1b869"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a3e51144164f5208312cd21a4f6fc210e1066286830cafb0fda1d82c55da4096","downloaded_from":"2026-09-10T00:53:27.085Z","last_downloaded_at":"2026-09-10T00:53:27.085Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478875","source_sha256":"3c00d245a5887d4abcda1fc2a26246c03daa86af2256dd169170fbb097e1b869"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2d6d319322d7c140af143b3342c0e6814fa4c64e256520edd009c2d164a1552","downloaded_from":"2026-09-10T00:53:27.085Z","last_downloaded_at":"2026-09-10T00:53:27.085Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478875","source_sha256":"3c00d245a5887d4abcda1fc2a26246c03daa86af2256dd169170fbb097e1b869"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2d6d319322d7c140af143b3342c0e6814fa4c64e256520edd009c2d164a1552","downloaded_from":"2026-09-10T00:53:27.085Z","last_downloaded_at":"2026-09-10T00:53:27.085Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478875","source_sha256":"3c00d245a5887d4abcda1fc2a26246c03daa86af2256dd169170fbb097e1b869"}}