# ASC 225-20-05: Income Statement — Unusual or Infrequently Occurring Items — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/225/20/#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): 2026-09-09T23:08:18.258Z to 2026-09-09T23:08:18.258Z

Record version: sha256:728f4d6e0e878d8281ffb37711afc8a2ab683de8e4510e0a5f89a4cfac539852

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 225-20-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/225/20/#05-overview-and-background)

SEC content: no

##### [225-20-05-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:08:18.258Z to 2026-09-09T23:08:18.258Z

Record version: sha256:d8aecd91db7de025ce510feef9194dea823da5ba082141c1997ca6e6f71a3a07

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[Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)