# ASC 225-10-05: Income Statement — Overall — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/225/10/#05-overview-and-background)

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): 2026-09-09T23:07:42.632Z to 2026-09-09T23:07:42.632Z

Record version: sha256:52d54dae53acd642a564dd444b4a8c0ef56f3732ad048fda035e2e8ffa0e4b78

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 225-10-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/225/10/#05-overview-and-background)

SEC content: no

##### [225-10-05-1](https://asc.understandingaccounting.org/asc/225/10/#225-10-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:07:42.632Z to 2026-09-09T23:07:42.632Z

Record version: sha256:c9de3b6d4795a3ca4c082c23c94c0bac6e1cd10b7346e5d571e4e6c020456f28

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)

##### [225-10-05-2](https://asc.understandingaccounting.org/asc/225/10/#225-10-05-2)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:07:42.632Z to 2026-09-09T23:07:42.632Z

Record version: sha256:e256556f4e47c4dd77c606ed9d565b1c8573df0048a457f12ca85f70d795007e

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)

##### [225-10-05-3](https://asc.understandingaccounting.org/asc/225/10/#225-10-05-3)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:07:42.632Z to 2026-09-09T23:07:42.632Z

Record version: sha256:0b9317aa3176602a54b0e9551cdf2df29640d072dd0e2a6c28c6c3ff48dbc4ea

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)

##### [225-10-05-4](https://asc.understandingaccounting.org/asc/225/10/#225-10-05-4)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:07:42.632Z to 2026-09-09T23:07:42.632Z

Record version: sha256:55dd97075c0566a6aac19fb0c395371d360ebcd342ef34dcaadfb616a325fc9f

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)

##### [225-10-05-5](https://asc.understandingaccounting.org/asc/225/10/#225-10-05-5)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:07:42.632Z to 2026-09-09T23:07:42.632Z

Record version: sha256:878ff6593a3f7bf09ea885039e33efd39bd38afe890e00b596e9476a2b5356fc

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)