{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/940/20/#35-subsequent-measurement","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":"940","topic_title":"Financial Services—Brokers and Dealers","subtopic":"940-20","subtopic_title":"Broker-Dealer Activities","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":"Clearing","heading":"Conditional Transactions","paragraphs":[{"citation":"940-20-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ED237B63-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Fair value gains deferred under paragraph <a href=\"/asc/940/20/#940-20-25-7\" class=\"xref\">940-20-25-7</a> shall be recognized when the uncertainty is eliminated. </span></span></div></div>","snippet":"Fair value gains deferred under paragraph 940-20-25-7 shall be recognized when the uncertainty is eliminated.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f49488808757660007b71620294628c6255c8c0888159d08cd37a851d975ab3","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c0497934383bb737018d9552bb93b346fce95203acb828fd5dc5f49fb06abe5","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}},{"block":"Clearing","heading":"Suspense Accounts","paragraphs":[{"citation":"940-20-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ED237CFB-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Securities underlying amounts in suspense accounts shall be subsequently measured at fair value, and the gain or loss shall be recognized in income. </span></span></div></div>","snippet":"Securities underlying amounts in suspense accounts shall be subsequently measured at fair value, and the gain or loss shall be recognized in income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd8fd35712d666bf05cff4c51ef50b785701d7d3e18d555e1144d0d64e7a51fc","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b2c8e6dae061b15ca4660286a9106ab8f6f426f5c88a8266095f9f4fee72ff6","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}},{"block":"Underwriting","heading":null,"paragraphs":[{"citation":"940-20-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ED2F5B5A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">With respect to the underwriting of issues that trade before the settlement date, the broker-dealer shall subsequently measure at fair value any shares that it is firmly committed to purchase but that have not yet been subscribed to by customers. </span></span></div></div>","snippet":"With respect to the underwriting of issues that trade before the settlement date, the broker-dealer shall subsequently measure at fair value any shares that it is firmly committed to purchase but that have not yet been s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:52db93a9c915a912ffa74dc9c4d5632a99b6e073b164e424f14a2d2e069d48cc","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79e7af9131c63f23754b16c73c48ce4bb6af810224527d6949875c17de955002","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8fa39fe2ed07a8a24b84397f3ec54c05848adc6ab282324a74502f0af9921d2","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8fa39fe2ed07a8a24b84397f3ec54c05848adc6ab282324a74502f0af9921d2","downloaded_from":"2026-09-10T02:13:49.299Z","last_downloaded_at":"2026-09-10T02:13:49.299Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481867","source_sha256":"dd8101c59cb81cd34b4b993806e1adf2663ad9885112f6331f8431d75bb5215c"}}