# ASC 810-10-S40: Consolidation — Overall — SEC 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/10/#sec-40-derecognition)

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## ASC 810-10-S40: SEC 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/810/10/#sec-40-derecognition)

SEC content: yes

#### Accounting for Divestiture of a Subsidiary or Other Business Operation

##### [810-10-S40-1](https://asc.understandingaccounting.org/asc/810/10/#810-10-S40-1)

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See paragraph [810-10-S99-5](https://asc.understandingaccounting.org/asc/810/10/#810-10-S99-5), SAB Topic 5.E, for SEC Staff views on when an accounting divestiture has not occurred.

#### Accounting for Gain Recognition in Certain Transactions Involving the General Partner in a Master Limited Partnership

##### [810-10-S40-2](https://asc.understandingaccounting.org/asc/810/10/#810-10-S40-2)

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See paragraph [810-10-S99-6](https://asc.understandingaccounting.org/asc/810/10/#810-10-S99-6), SEC Observer Comment: Accounting for Gain Recognition in Certain Transactions Involving the General Partner in a Master Limited Partnership