# ASC 220-20-45: Income Statement—Reporting Comprehensive Income — Unusual or Infrequently Occurring Items — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

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## ASC 220-20-45: 45 Other Presentation Matters

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#### Presentation of Unusual or Infrequently Occurring Items

##### [220-20-45-1](https://asc.understandingaccounting.org/asc/220/20/#220-20-45-1)

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A material event or transaction that an entity considers to be of an [unusual nature](https://asc.understandingaccounting.org/glossary/u/#unusual-nature "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).") or of a type that indicates [infrequency of occurrence](https://asc.understandingaccounting.org/glossary/i/#infrequency-of-occurrence "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).") or both shall be reported as a separate component of income from continuing operations. The nature and financial effects of each event or transaction shall be presented as a separate component of income from continuing operations or, alternatively, disclosed in notes to financial statements (see paragraph [220-20-50-1](https://asc.understandingaccounting.org/asc/220/20/#220-20-50-1)). 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. Similarly, the EPS effects of those items shall not be presented on the face of the income statement.