# ASC 220-30-45: Income Statement—Reporting Comprehensive Income — Business Interruption Insurance — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/220/30/#45-other-presentation-matters)

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## ASC 220-30-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/220/30/#45-other-presentation-matters)

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##### [220-30-45-1](https://asc.understandingaccounting.org/asc/220/30/#220-30-45-1)

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An entity may choose how to classify [business interruption insurance](https://asc.understandingaccounting.org/glossary/b/#business-interruption-insurance "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.") recoveries in the statement of operations, as long as that classification is not contrary to existing generally accepted accounting principles (GAAP).