{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/810/10/#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":"810","topic_title":"Consolidation","subtopic":"810-10","subtopic_title":"Overall","section":{"number":"S25","label":"SEC 25 Recognition","anchor":"sec-25-recognition","is_sec":true,"groups":[{"block":null,"heading":"Consolidated Financial Statements of the Registrant and its Subsidiaries","paragraphs":[{"citation":"810-10-S25-1","para":"S25-1","html":"See paragraph 810-10-S99-2, Regulation S-X Rule 3A-02, for requirements for a registrant in deciding on a consolidation policy. See paragraph 810-10-S99-4, Regulation S-X Rule 3A-04, for requirements for the elimination of intercompany (intra-entity) items and transactions. See paragraph 810-10-S99-5, SAB Topic 5.E, for SEC Staff views on when an accounting divestiture has not occurred.