{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/805/944/#sec-25-recognition","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":"805","topic_title":"Business Combinations","subtopic":"805-944","subtopic_title":"Financial Services—Insurance","section":{"number":"S25","label":"SEC 25 Recognition","anchor":"sec-25-recognition","is_sec":true,"groups":[{"block":null,"heading":"Accounting by the Purchaser for a Seller's Guarantee of the Adequacy of Liabilities for Losses and Loss Adjustment Expenses Acquired in a Purchase Business Combination","paragraphs":[{"citation":"805-944-S25-1","para":"S25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0B19E42D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/805/944/#805-944-S99-1\" class=\"xref\">944-805-S99-1</a>, SEC Observer Comment: Accounting by the Purchaser for a Seller's Guarantee of the Adequacy of Liabilities for Losses and Loss Adjustment Expenses Acquired in a Purchase Business Combination, for related SEC Staff views. </span></span></div></div>","snippet":"See paragraph 944-805-S99-1, SEC Observer Comment: Accounting by the Purchaser for a Seller's Guarantee of the Adequacy of Liabilities for Losses and Loss Adjustment Expenses Acquired in a Purchase Business Combination, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:220dde556a609d1b59efc0adb91ad394098a2e13d0364269a3f2d1c436671d3c","downloaded_from":"2026-09-10T01:27:07.338Z","last_downloaded_at":"2026-09-10T01:27:07.338Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478170","source_sha256":"6c85aba3cc012ec4f93230d08a96a6581c1da288a983b1acca2cf3b11762015d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38f4abed1cf7ba3bb333c2c132a12edf2f012b3cfa6f820e3355e14793b9d010","downloaded_from":"2026-09-10T01:27:07.338Z","last_downloaded_at":"2026-09-10T01:27:07.338Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478170","source_sha256":"6c85aba3cc012ec4f93230d08a96a6581c1da288a983b1acca2cf3b11762015d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9dcd436c823725cd5cfd71b927e4f611894983fc420102312f7c58ab7615e4b","downloaded_from":"2026-09-10T01:27:07.338Z","last_downloaded_at":"2026-09-10T01:27:07.338Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478170","source_sha256":"6c85aba3cc012ec4f93230d08a96a6581c1da288a983b1acca2cf3b11762015d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9dcd436c823725cd5cfd71b927e4f611894983fc420102312f7c58ab7615e4b","downloaded_from":"2026-09-10T01:27:07.338Z","last_downloaded_at":"2026-09-10T01:27:07.338Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478170","source_sha256":"6c85aba3cc012ec4f93230d08a96a6581c1da288a983b1acca2cf3b11762015d"}}