# ASC 740-942-00: Income Taxes — Financial Services—Depository and Lending — 00 Status

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/740/942/#00-status)

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): 2026-09-10T01:20:14.035Z to 2026-09-10T01:20:14.035Z

Record version: sha256:eb2596f21c2ef705d72e9ed50d8773ae779616eb30c187eb682d7dc368a4f218

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 740-942-00: 00 Status

[Read section](https://asc.understandingaccounting.org/asc/740/942/#00-status)

SEC content: no

##### [740-942-00-1](https://asc.understandingaccounting.org/asc/740/942/#740-942-00-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:20:14.035Z to 2026-09-10T01:20:14.035Z

Record version: sha256:73f82cab22038b7ea26c53ac8ffe724525235fcf526d4b91dcd79ffc0df04d20

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The following table identifies the changes made to this Subtopic.

<table class="asc-table" id="SL63057939-207407"><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/asc/740/942/#740-942-15-2" class="xref">942-740-15-2</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2018-06/" class="xref">Accounting Standards Update No. 2018-06</a></td><td class="entry">05/07/2018</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/740/942/#740-942-25-1" class="xref">942-740-25-1</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2015-01/" class="xref">Accounting Standards Update No. 2015-01</a></td><td class="entry">01/09/2015</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/740/942/#740-942-45-1" class="xref">942-740-45-1</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2018-06/" class="xref">Accounting Standards Update No. 2018-06</a></td><td class="entry">05/07/2018</td></tr></tbody></table>
