# ASC 220-932: Income Statement—Reporting Comprehensive Income — Extractive Activities—Oil and Gas Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/220/932/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:05:27.480Z to 2026-09-09T23:05:41.911Z Record version: sha256:52c7046ef13e88009fe16c7e7d6baaed9693da2c2bec3317c9d5f28f3d3f0dd2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-932: Income Statement—Reporting Comprehensive Income — Extractive Activities—Oil and Gas ### Machine-generated study aids ```json { "summary": "ASC 220-932 is a short \"pointer\" subtopic that addresses income statement presentation for oil- and gas-producing activities. It contains no substantive incremental rules of its own: it adopts the scope of ASC 932-10-15 and directs readers to the industry disclosure requirements in 932-235-50-21 through 50-28 and to the illustrative results-of-operations example in 932-235-55-5.", "key_points": [ "The Subtopic provides guidance relating to income statements for oil- and gas-producing activities (220-932-05-1).", "Scope and scope exceptions are the same as the Overall Subtopic in Section 932-10-15 (220-932-15-1).", "Incremental industry income statement disclosure requirements are located with the other incremental industry disclosures at paragraphs 932-235-50-21 through 50-28 (220-932-50-1).", "An illustration of the results of operations for oil- and gas-producing activities appears in Example 4 at paragraph 932-235-55-5 (220-932-55-1)." ], "categories": [ "Presentation", "Disclosure", "Industry-specific", "Financial statement presentation" ], "audience_level": "introductory", "student_note": "Don't expect substantive rules here — this subtopic exists only to route you to the real oil and gas income statement disclosure requirements in 932-235-50. A common mistake is citing 220-932 for a disclosure requirement when the operative paragraphs are 932-235-50-21 through 50-28.", "related_topics": [ "932-10", "932-235", "220-10", "932-360" ], "key_concepts": [ "oil- and gas-producing activities", "income statement presentation", "results of operations disclosure", "extractive activities", "incremental industry disclosures", "cross-reference subtopic" ] } ``` Source downloaded (UTC): 2026-09-09T23:05:27.480Z to 2026-09-09T23:05:27.480Z Record version: sha256:6c76dcd3b5ffb93f0bc6de974c100fe35c6efda983c3fa9984ad8fd85c4e6a6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-932-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/220/932/#00-status) SEC content: no ##### [220-932-00-1](https://asc.understandingaccounting.org/asc/220/932/#220-932-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:05:27.480Z to 2026-09-09T23:05:27.480Z Record version: sha256:a4e173961b3c8dfa47be7c3820eb3d631c888cfe2e361b6b2b29463bcac214f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
932-220-05-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
932-220-15-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
932-220-50-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
932-220-55-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
Source downloaded (UTC): 2026-09-09T23:05:29.942Z to 2026-09-09T23:05:29.942Z Record version: sha256:26b452ea9b4a2285547ff48a49cd5202b155304c780f9bdede0cb3e90da2a3fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-932-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/220/932/#05-overview-and-background) SEC content: no ##### [220-932-05-1](https://asc.understandingaccounting.org/asc/220/932/#220-932-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:05:29.942Z to 2026-09-09T23:05:29.942Z Record version: sha256:270fdfd47ff5dba4ae98099b0e0278c8fd547cea003610611222a96f74b15b7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance relating to income statements for oil- and gas- producing activities. Source downloaded (UTC): 2026-09-09T23:05:32.817Z to 2026-09-09T23:05:32.817Z Record version: sha256:ecac6b5b078ef31c766088959f55cb7856b1b097835109abf4c313b2ae2bc608 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-932-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/220/932/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [220-932-15-1](https://asc.understandingaccounting.org/asc/220/932/#220-932-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:05:32.817Z to 2026-09-09T23:05:32.817Z Record version: sha256:62cbd9ae157ed1eb303754a5919c723c205091c948ffa13577b096f81dceaf31 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15. Source downloaded (UTC): 2026-09-09T23:05:35.357Z to 2026-09-09T23:05:35.357Z Record version: sha256:b2c0ff6bc6a813fbdf1c57e6fe68fbc4930d0920b1a267ea0a14bbf69c35606f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-932-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/220/932/#50-disclosure) SEC content: no ##### [220-932-50-1](https://asc.understandingaccounting.org/asc/220/932/#220-932-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:05:35.357Z to 2026-09-09T23:05:35.357Z Record version: sha256:49f869d8d60624d3dbf89bca742e1f8140d4f71985b8adea430c09c4dd66868f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Incremental industry disclosure requirements relating to the income statement have been kept with other incremental industry disclosure requirements, see paragraphs [932-235-50-21 through 50-28](https://asc.understandingaccounting.org/asc/235/932/#235-932-50-21) . Source downloaded (UTC): 2026-09-09T23:05:38.822Z to 2026-09-09T23:05:38.822Z Record version: sha256:8ad98b2a7728a66f158dc26cadf07de9f3e8a993a57bff166c1a8900739e1b02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-932-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/220/932/#55-implementation-guidance-and-illustrations) SEC content: no ##### [220-932-55-1](https://asc.understandingaccounting.org/asc/220/932/#220-932-55-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:05:38.822Z to 2026-09-09T23:05:38.822Z Record version: sha256:41d8c13895117e7b6ea6c4cf82895ce1e8021cac6da4bb2b0cae0a5e896109a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An illustration of the results of operations can be found in Example 4 (see paragraph [932-235-55-5](https://asc.understandingaccounting.org/asc/235/932/#235-932-55-5)).