{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/220/30/#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":"220-30","subtopic_title":"Business Interruption Insurance","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-30-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_71FF58B7-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An entity may choose how to classify <a href=\"/glossary/b/#business-interruption-insurance\" class=\"term\" title=\"Insurance that provides coverage if business operations are suspended due to the loss of use of property and equipment resulting from a covered cause of loss. Business interruption insurance coverage generally provides for reimbursement of certain costs and losses incurred during the reasonable period required to rebuild, repair, or replace the damaged property.\"><span>business interruption insurance</span></a> recoveries in the statement of operations, as long as that classification is not contrary to existing generally accepted accounting principles (GAAP). </span></span></div></div>","snippet":"An entity may choose how to classify business interruption insurance recoveries in the statement of operations, as long as that classification is not contrary to existing generally accepted accounting principles (GAAP).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6896045fb38f7e7a18c96caec023f1e6811625a8ca86d44ae8558546a1ca356","downloaded_from":"2026-09-09T23:04:45.505Z","last_downloaded_at":"2026-09-09T23:04:45.505Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483604","source_sha256":"37c4815b8faed7c5a7613c9245ebe2cabe698c2448959b11a3acf4f337adeb6e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6eb6107844fb8e673c90d8c1ca856ba1ff1e103402b495b4575cd8568a7c6715","downloaded_from":"2026-09-09T23:04:45.505Z","last_downloaded_at":"2026-09-09T23:04:45.505Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483604","source_sha256":"37c4815b8faed7c5a7613c9245ebe2cabe698c2448959b11a3acf4f337adeb6e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7bad6a931d179401e539e6055772de0a27fb3395c29968241bbe3747e656e47","downloaded_from":"2026-09-09T23:04:45.505Z","last_downloaded_at":"2026-09-09T23:04:45.505Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483604","source_sha256":"37c4815b8faed7c5a7613c9245ebe2cabe698c2448959b11a3acf4f337adeb6e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7bad6a931d179401e539e6055772de0a27fb3395c29968241bbe3747e656e47","downloaded_from":"2026-09-09T23:04:45.505Z","last_downloaded_at":"2026-09-09T23:04:45.505Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483604","source_sha256":"37c4815b8faed7c5a7613c9245ebe2cabe698c2448959b11a3acf4f337adeb6e"}}