ASC 440 Commitments

This Topic provides guidance for general commitments, such as “unused letters of credit; preferred stock dividends in arrears; commitments such as those for plant acquisition; and obligations to reduce debts, maintain working capital, or restrict dividends.”

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10 Overall 920 Entertainment—Broadcasters 928 Entertainment—Music 952 Franchisors 954 Health Care Entities

ASC 440 provides guidance for general commitments, such as "unused letters of credit; preferred stock dividends in arrears; commitments such as those for plant acquisition; and obligations to reduce debts, maintain working capital, or restrict dividends." This Topic also contains guidance on unconditional purchase obligations, including take-or-pay and throughput contracts.