# ASC 940-20-35: Financial Services—Brokers and Dealers — Broker-Dealer Activities — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/940/20/#35-subsequent-measurement)

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## ASC 940-20-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/940/20/#35-subsequent-measurement)

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### Clearing

#### Conditional Transactions

##### [940-20-35-1](https://asc.understandingaccounting.org/asc/940/20/#940-20-35-1)

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Fair value gains deferred under paragraph [940-20-25-7](https://asc.understandingaccounting.org/asc/940/20/#940-20-25-7) shall be recognized when the uncertainty is eliminated.

#### Suspense Accounts

##### [940-20-35-2](https://asc.understandingaccounting.org/asc/940/20/#940-20-35-2)

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Securities underlying amounts in suspense accounts shall be subsequently measured at fair value, and the gain or loss shall be recognized in income.

### Underwriting

##### [940-20-35-3](https://asc.understandingaccounting.org/asc/940/20/#940-20-35-3)

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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.