# ASC 740-932-00: Income Taxes — Extractive Activities—Oil and Gas — 00 Status

Source: FASB Accounting Standards Codification, Basic View

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## ASC 740-932-00: 00 Status

[Read section](https://asc.understandingaccounting.org/asc/740/932/#00-status)

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##### [740-932-00-1](https://asc.understandingaccounting.org/asc/740/932/#740-932-00-1)

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The following table identifies the changes made to this Subtopic.

<table class="asc-table" id="SL6809363-166188"><tbody><tr><td class="entry"><strong class="ph b">Paragraph</strong></td><td class="entry"><strong class="ph b">Action</strong></td><td class="entry"><strong class="ph b">Accounting Standards Update</strong></td><td class="entry"><strong class="ph b">Date</strong></td></tr><tr><td class="entry"></td><td class="entry"></td><td class="entry"></td><td class="entry"></td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/glossary/e/#exploratory-well" class="term" title="An exploratory well is a well drilled to find a new field or to find a new reservoir in a field previously found to be productive of oil or gas in another reservoir. Generally, an exploratory well is any well that is not a development well, a service well , or a stratigraphic test well."><span>Exploratory Well</span></a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2010-03/" class="xref">Accounting Standards Update No. 2010-03</a></td><td class="entry">01/06/2010</td></tr></tbody></table>