# ASC 220-30-50: Income Statement—Reporting Comprehensive Income — Business Interruption Insurance — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

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## ASC 220-30-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/220/30/#50-disclosure)

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##### [220-30-50-1](https://asc.understandingaccounting.org/asc/220/30/#220-30-50-1)

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The following information shall be disclosed in the notes to financial statements in the period(s) in which [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 are recognized:

1.  a
    
    The nature of the event resulting in business interruption losses
    
2.  b
    
    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.