# ASC 810-940-S40: Consolidation — Financial Services—Brokers and Dealers — SEC 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/940/#sec-40-derecognition)

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): 2026-09-10T01:31:31.139Z to 2026-09-10T01:31:31.139Z

Record version: sha256:cae76c22c3d68a492fe8a89926b206f0fdaf6d8f130b40fad8aa8d701614622b

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 810-940-S40: SEC 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/810/940/#sec-40-derecognition)

SEC content: yes

#### Certain Transfers of Nonperforming Assets

##### [810-940-S40-1](https://asc.understandingaccounting.org/asc/810/940/#810-940-S40-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:31:31.139Z to 2026-09-10T01:31:31.139Z

Record version: sha256:afbd9b625a59375af7b9546de03bde534edf815b5e1155536aebfbfab32874f8

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


See paragraph [942-810-S99-1](https://asc.understandingaccounting.org/asc/810/942/#810-942-S99-1), SAB Topic 5.V, for SEC Staff views on accounting for certain transfers of nonperforming assets.