{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/220/20/#45-other-presentation-matters","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":"220","topic_title":"Income Statement—Reporting Comprehensive Income","subtopic":"220-20","subtopic_title":"Unusual or Infrequently Occurring Items","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Presentation of Unusual or Infrequently Occurring Items","paragraphs":[{"citation":"220-20-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_71B31B68-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A material event or transaction that </span></span><span class=\"sfragment\" id=\"sfr_71B31CA8-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">an entity considers to be of an <a href=\"/glossary/u/#unusual-nature\" class=\"term\" title=\"The underlying event or transaction should possess a high degree of abnormality and be of a type clearly unrelated to, or only incidentally related to, the ordinary and typical activities of the entity, taking into account the environment in which the entity operates (see paragraph 220-20-60-1).\"><span>unusual nature</span></a> or of a type that indicates <a href=\"/glossary/i/#infrequency-of-occurrence\" class=\"term\" title=\"The underlying event or transaction should be of a type that would not reasonably be expected to recur in the foreseeable future, taking into account the environment in which the entity operates (see paragraph 220-20-60-1).\"><span>infrequency of occurrence</span></a> or both </span></span><span class=\"sfragment\" id=\"sfr_71B31D8E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">shall be reported as a separate component of income from continuing operations. </span></span><span class=\"sfragment\" id=\"sfr_71B31E70-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The nature and financial effects of each event or transaction shall be </span></span><span class=\"sfragment\" id=\"sfr_71B31F21-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">presented as a separate component of income from continuing operations </span></span><span class=\"sfragment\" id=\"sfr_71B31FF3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">or, alternatively, disclosed in notes to financial statements (see paragraph <a href=\"/asc/220/20/#220-20-50-1\" class=\"xref\">220-20-50-1</a>). </span></span><span class=\"sfragment\" id=\"sfr_71B320B5-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Gains or losses of a similar nature that are not individually material shall be aggregated. Such items shall not be reported on the face of the income statement net of income taxes. </span></span><span class=\"sfragment\" id=\"sfr_71B32196-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Similarly, the EPS effects of those items shall not be presented on the face of the income statement. </span></span></div></div>","snippet":"A material event or transaction that an entity considers to be of an unusual nature or of a type that indicates infrequency of occurrence or both shall be reported as a separate component of income from continuing operat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:28e727490e917eca7c4abec5eb60900ce013d8727329da18454afdfc1635b70f","downloaded_from":"2026-09-09T23:04:19.748Z","last_downloaded_at":"2026-09-09T23:04:19.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483614","source_sha256":"f1580c3c641d3f66321d381bd45bd03f21eb87860f6af78aca40a0ce26dcb300"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bcdc87cfadc506bcda5dc58bf2361af51726756d715ef6f776c07640fa411f4a","downloaded_from":"2026-09-09T23:04:19.748Z","last_downloaded_at":"2026-09-09T23:04:19.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483614","source_sha256":"f1580c3c641d3f66321d381bd45bd03f21eb87860f6af78aca40a0ce26dcb300"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ea01d2a15c40acf2029c300807b62a90774dccf24f598999634791f9760c4fd","downloaded_from":"2026-09-09T23:04:19.748Z","last_downloaded_at":"2026-09-09T23:04:19.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483614","source_sha256":"f1580c3c641d3f66321d381bd45bd03f21eb87860f6af78aca40a0ce26dcb300"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ea01d2a15c40acf2029c300807b62a90774dccf24f598999634791f9760c4fd","downloaded_from":"2026-09-09T23:04:19.748Z","last_downloaded_at":"2026-09-09T23:04:19.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483614","source_sha256":"f1580c3c641d3f66321d381bd45bd03f21eb87860f6af78aca40a0ce26dcb300"}}