{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/705/20/#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":"705","topic_title":"Cost of Sales and Services","subtopic":"705-20","subtopic_title":"Accounting for Consideration Received from a Vendor","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"705-20-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_01CF949D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic provides guidance on accounting for consideration received by an entity from a <a href=\"/glossary/v/#vendor\" class=\"term\" title=\"A service provider or product seller, such as a manufacturer, distributor, or reseller.\"><span>vendor</span></a>.</span></span></div></div>","snippet":"This Subtopic provides guidance on accounting for consideration received by an entity from a vendor.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:56a526906a82d13b71387d5a9bea62b44633a74c2b13fa76e6dad58939e606b8","downloaded_from":"2026-09-10T00:55:54.380Z","last_downloaded_at":"2026-09-10T00:55:54.380Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479641","source_sha256":"f8e3642609cf19cbfe3603577a079b9d9f6145ba8760dd2b9843ce64275f9ff6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ba05c0da06cd2488cb8ddbea917f695851bb70ea20c027d214a7cb9392cd892","downloaded_from":"2026-09-10T00:55:54.380Z","last_downloaded_at":"2026-09-10T00:55:54.380Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479641","source_sha256":"f8e3642609cf19cbfe3603577a079b9d9f6145ba8760dd2b9843ce64275f9ff6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f91ab0c4080b878456aa5899c32e3604c7f396cdaeaa6451dab27573926f84b9","downloaded_from":"2026-09-10T00:55:54.380Z","last_downloaded_at":"2026-09-10T00:55:54.380Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479641","source_sha256":"f8e3642609cf19cbfe3603577a079b9d9f6145ba8760dd2b9843ce64275f9ff6"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f91ab0c4080b878456aa5899c32e3604c7f396cdaeaa6451dab27573926f84b9","downloaded_from":"2026-09-10T00:55:54.380Z","last_downloaded_at":"2026-09-10T00:55:54.380Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479641","source_sha256":"f8e3642609cf19cbfe3603577a079b9d9f6145ba8760dd2b9843ce64275f9ff6"}}