{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/820/940/#50-disclosure","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":"820","topic_title":"Fair Value Measurement","subtopic":"820-940","subtopic_title":"Financial Services—Brokers and Dealers","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"820-940-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_F0AC4D1D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Notes to the financial statements shall disclose all of the following if financial instruments' <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair values</span></a> are measured at lower than quoted prices (see Example in paragraph <a href=\"/asc/820/10/#820-10-55-52\" class=\"xref\">820-10-55-52</a>): </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_F0AC4EBA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Description of the financial instrument </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_F0AC501D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The quoted price of the financial instrument </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_F0AC5168-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Fair value reported in the statement of financial condition </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">d</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_F0AC52A8-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Methods and significant assumptions used to value the instrument at lower than the quoted price. </span></span> </div> </li> </ol> </div> </div>","snippet":"Notes to the financial statements shall disclose all of the following if financial instruments' fair values are measured at lower than quoted prices (see Example in paragraph 820-10-55-52):\n(a) Description of the financi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:827b6278c0fcde77c2589b3940aafe6a5fd3f301b22c2b27a7410f5ef7a0e6ee","downloaded_from":"2026-09-10T01:44:05.647Z","last_downloaded_at":"2026-09-10T01:44:05.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478119","source_sha256":"6a0133be537a28f3238739f28b6bc029321f855cb86267103e5f79ca5d7fdf51"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:560cc2561ca3346b379fdfcfd7bade458d79a2af18e47336552f5d835343d51a","downloaded_from":"2026-09-10T01:44:05.647Z","last_downloaded_at":"2026-09-10T01:44:05.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478119","source_sha256":"6a0133be537a28f3238739f28b6bc029321f855cb86267103e5f79ca5d7fdf51"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91ba14c2096d444a50644adfc525bee2f2656ecf9f69e750eb078acf82d2a6f3","downloaded_from":"2026-09-10T01:44:05.647Z","last_downloaded_at":"2026-09-10T01:44:05.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478119","source_sha256":"6a0133be537a28f3238739f28b6bc029321f855cb86267103e5f79ca5d7fdf51"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91ba14c2096d444a50644adfc525bee2f2656ecf9f69e750eb078acf82d2a6f3","downloaded_from":"2026-09-10T01:44:05.647Z","last_downloaded_at":"2026-09-10T01:44:05.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478119","source_sha256":"6a0133be537a28f3238739f28b6bc029321f855cb86267103e5f79ca5d7fdf51"}}