{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/952/10/#25-recognition","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":"952","topic_title":"Franchisors","subtopic":"952-10","subtopic_title":"Overall","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Costs","paragraphs":[{"citation":"952-10-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1CA05E61-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Costs relating to <a href=\"/glossary/c/#continuing-franchise-fees\" class=\"term\" title=\"Consideration for the continuing rights granted by the franchise agreement and for general or specific services during its life.\"><span>continuing franchise fees</span></a> shall be expensed as incurred. </span></span></div></div>","snippet":"Costs relating to continuing franchise fees shall be expensed as incurred.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19ed8d89f60a3366acb844b922b7b71fcac9651b8c05debdc4559aef8e7ae9ea","downloaded_from":"2026-09-10T02:20:43.815Z","last_downloaded_at":"2026-09-10T02:20:43.815Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482997","source_sha256":"50762d5755186b991e39290d43e7ee80af851d8ff07f504bfe61e37b595c85db"}},{"citation":"952-10-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1CA05FEE-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Indirect costs of a regular and recurring nature that are incurred irrespective of the level of sales, such as general, selling, and administrative costs, shall be expensed as incurred. For guidance on </span></span><span class=\"sfragment\" id=\"sfr_1CA06133-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">accounting for the incremental costs of obtaining a <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contract</span></a> with a <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customer</span></a>, see Subtopic <a altsource=\"GUID-4F83F042-87DA-40E8-BD1B-8C7D1BEED7DC.ditamap\" class=\"ditamap\">340-40</a>. </span></span></div></div>","snippet":"Indirect costs of a regular and recurring nature that are incurred irrespective of the level of sales, such as general, selling, and administrative costs, shall be expensed as incurred. For guidance on accounting for the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c69763829aa269cdab7fa6a77a2661bf18748c5433711c26b20aff6bac39fed","downloaded_from":"2026-09-10T02:20:43.815Z","last_downloaded_at":"2026-09-10T02:20:43.815Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482997","source_sha256":"50762d5755186b991e39290d43e7ee80af851d8ff07f504bfe61e37b595c85db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb693e693ca4739aeee984daa86958abd850226ba360bd7a9e5745ee1651937a","downloaded_from":"2026-09-10T02:20:43.815Z","last_downloaded_at":"2026-09-10T02:20:43.815Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482997","source_sha256":"50762d5755186b991e39290d43e7ee80af851d8ff07f504bfe61e37b595c85db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2d51a2cdb8df4941815031a5701258fbe0e1904e42d7db37b46f4cf7e6d6927","downloaded_from":"2026-09-10T02:20:43.815Z","last_downloaded_at":"2026-09-10T02:20:43.815Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482997","source_sha256":"50762d5755186b991e39290d43e7ee80af851d8ff07f504bfe61e37b595c85db"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2d51a2cdb8df4941815031a5701258fbe0e1904e42d7db37b46f4cf7e6d6927","downloaded_from":"2026-09-10T02:20:43.815Z","last_downloaded_at":"2026-09-10T02:20:43.815Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482997","source_sha256":"50762d5755186b991e39290d43e7ee80af851d8ff07f504bfe61e37b595c85db"}}