# ASC 605-978-25: Revenue Recognition — Real Estate—Time-Sharing Activities — 25 Recognition Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/978/#25-recognition) 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): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:84f1e0183f6768c44a14b4dd6627ab64d27c9e2bab4c436fd70107a13cefbe0a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-978-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/978/#25-recognition) SEC content: no ##### [605-978-25-1](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:5893890b3b9adfb4b5c6710d69da1ba3217ec0bdb680df5ffbc3d3514bb56e47 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 [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-2](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:bc8fc2e461a8ca90d3e980c7d8c8c705652dca4e09b8d5d0bd522c744fa92729 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 [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-3](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:fd6390f5c7fa6643f92f41a93ad693cee309472be2100c0fdb88b59cf98d6da0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-6](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:7e1949013aba2fdd8fa233886ee987a6f50385f62ad322b1971f3e3b70ffc848 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-978-25-9](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:a4522ba1637735228329eecb65207322f93c003b08a71be23349c4cd00252439 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/). ##### [605-978-25-10](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:145c610ae8c631fc413fc56d879d5b9084bb05ed67965aada6846fdf651a5a09 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/). ##### [605-978-25-11](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:d3b35be8c74e7803354d70de8fb79771ea3f2bcfafcd79f4c9146f23277998e2 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/). ##### [605-978-25-12](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:39e4058adbb568aed85a631e21bfa56ebe01dca938a6c6d8d7570959c94d772f 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/). ##### [605-978-25-13](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:4ba3d3bea722aab82ace23949b0633e29d2953eb9d90bc18591844b73255680d 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/). ##### [605-978-25-14](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:b1546a5d185c54203393ff378c8eabd9493d1dfbbf46cac2707eb5e214ea2648 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/). ##### [605-978-25-15](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:d18fb5552d60ff281ee8a8d5fbf97c6e9aff497813c16a6582a371cda4666294 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/). ##### [605-978-25-16](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:1edcf7ad7f6a6fc92c9a10431a930c7a06fed071fa1184507f5fd725342d689b 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/). ##### [605-978-25-17](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:eefe54f53a638043142219485a14cd4e9397ca0ee7d68030b345f3401f269423 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/). ##### [605-978-25-18](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:356d275fbbd6b7c42b7a028cfb1579c68058e913d55f2714a0df4612539a0063 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/). ##### [605-978-25-19](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:dd04510c51ff1f4a6c2ce0ebcaad7093f31f31ed83ce84a91d183f3d01c8f318 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/). ##### [605-978-25-20](https://asc.understandingaccounting.org/asc/605/978/#605-978-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:53:37.225Z to 2026-09-10T00:53:37.225Z Record version: sha256:3af986345d9f338f0cdff6440f37501741c0df7007ba252c970dfa2e47ba603d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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