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FASB ASC Guide > FASB ASC 926

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 926 (ASC 926) to address topics related to the film entertainment industry. As modern films today can cost and return revenues in the millions of dollars, each one needs to be accounted for with care. Further, as there are a multitude of ways films are distributed today, different rules may apply as to when revenue may be recognized for each.

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