{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/220/30/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-30-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_720A18FF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The following information shall be disclosed in the notes to financial statements in the period(s) in which <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 are recognized: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_720A1A19-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The nature of the event resulting in business interruption losses </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_720A1B05-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The aggregate amount of business interruption insurance recoveries recognized during the period and the line item(s) in the statement of operations in which those recoveries are classified. </span></span></div></li></ol></div></div>","snippet":"The following information shall be disclosed in the notes to financial statements in the period(s) in which business interruption insurance recoveries are recognized:\n(a) The nature of the event resulting in business int…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8f17391fdf4c38668d6f71e713ad511b01144db187dc998577e3843f2752840","downloaded_from":"2026-09-09T23:04:47.526Z","last_downloaded_at":"2026-09-09T23:04:47.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483605","source_sha256":"8a15a649eb7975adbc406079d71ea57cb99a74a7e45e052fc2c743b853a945c2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95e4eb857f50c6e039bbead34b662b30cf6e54175aed5d947b3403935e5dfbc6","downloaded_from":"2026-09-09T23:04:47.526Z","last_downloaded_at":"2026-09-09T23:04:47.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483605","source_sha256":"8a15a649eb7975adbc406079d71ea57cb99a74a7e45e052fc2c743b853a945c2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b84f48bfc9f34d2d286bc7507f18977833468c4b678cddaa7d7c32b90756662","downloaded_from":"2026-09-09T23:04:47.526Z","last_downloaded_at":"2026-09-09T23:04:47.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483605","source_sha256":"8a15a649eb7975adbc406079d71ea57cb99a74a7e45e052fc2c743b853a945c2"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b84f48bfc9f34d2d286bc7507f18977833468c4b678cddaa7d7c32b90756662","downloaded_from":"2026-09-09T23:04:47.526Z","last_downloaded_at":"2026-09-09T23:04:47.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483605","source_sha256":"8a15a649eb7975adbc406079d71ea57cb99a74a7e45e052fc2c743b853a945c2"}}