{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/40/#40-derecognition","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":"815","topic_title":"Derivatives and Hedging","subtopic":"815-40","subtopic_title":"Contracts in Entity's Own Equity","section":{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"815-40-40-1","para":"40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_C1E3280F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If contracts classified as permanent equity are ultimately settled in a manner that requires that the entity deliver cash, the amount of cash paid or received shall be reported as a reduction of, or an addition to, contributed capital. </span></span></div></div>","snippet":"If contracts classified as permanent equity are ultimately settled in a manner that requires that the entity deliver cash, the amount of cash paid or received shall be reported as a reduction of, or an addition to, contr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d3dfe3a848f0155a37237dbf71132aeb6feea74e3c297b0965e4532212e0cc27","downloaded_from":"2026-09-10T01:39:07.707Z","last_downloaded_at":"2026-09-10T01:39:07.707Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480268","source_sha256":"f6d42e43a442c7ece563ef0bfd98a49cfb0494064ed6f05b2bc7db35fb85ef39"}},{"citation":"815-40-40-2","para":"40-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_C1E3291E-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If contracts classified as assets or liabilities are ultimately settled in shares, any gains or losses on those contracts shall continue to be included in earnings. </span></span></div></div>","snippet":"If contracts classified as assets or liabilities are ultimately settled in shares, any gains or losses on those contracts shall continue to be included in earnings.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f87359898369ff07df9ac0cdbc703d1ec5ec5d057e672ffb9287d0a12489312e","downloaded_from":"2026-09-10T01:39:07.707Z","last_downloaded_at":"2026-09-10T01:39:07.707Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480268","source_sha256":"f6d42e43a442c7ece563ef0bfd98a49cfb0494064ed6f05b2bc7db35fb85ef39"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2014463b7728635186af829cbb042feb4900ecea8bb269186ee6676c16ca9dcb","downloaded_from":"2026-09-10T01:39:07.707Z","last_downloaded_at":"2026-09-10T01:39:07.707Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480268","source_sha256":"f6d42e43a442c7ece563ef0bfd98a49cfb0494064ed6f05b2bc7db35fb85ef39"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38394e5f45ecab0063a0766ad75b6b80dcca313ccd11fbd0272d8c34438d5547","downloaded_from":"2026-09-10T01:39:07.707Z","last_downloaded_at":"2026-09-10T01:39:07.707Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480268","source_sha256":"f6d42e43a442c7ece563ef0bfd98a49cfb0494064ed6f05b2bc7db35fb85ef39"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38394e5f45ecab0063a0766ad75b6b80dcca313ccd11fbd0272d8c34438d5547","downloaded_from":"2026-09-10T01:39:07.707Z","last_downloaded_at":"2026-09-10T01:39:07.707Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480268","source_sha256":"f6d42e43a442c7ece563ef0bfd98a49cfb0494064ed6f05b2bc7db35fb85ef39"}}