# ASC 225-30: Income Statement — Business Interruption Insurance Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/225/30/) 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): 2026-09-09T23:08:42.893Z to 2026-09-09T23:08:58.783Z Record version: sha256:53f937d23547f8dee098b06a38d636c2a75a44643fb20ce41d1875e6a5562f17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-30: Income Statement — Business Interruption Insurance ### Machine-generated study aids ```json { "summary": "ASC 225-30 formerly addressed how to present and disclose business interruption insurance recoveries in the income statement. All of its content (Sections 05, 15, 45, and 50) was superseded by Maintenance Update 2017-19, so the subtopic is now an empty shell with no operative guidance. Entities receiving business interruption insurance proceeds must look to other guidance, such as the successor guidance in ASC 220-30 and general gain contingency rules.", "key_points": [ "Every paragraph of ASC 225-30 (225-30-05-1, 225-30-05-2, 225-30-15-1, 225-30-45-1, and 225-30-50-1) was superseded by Maintenance Update 2017-19.", "Because no substantive text remains, ASC 225-30 imposes no recognition, presentation, or disclosure requirements on its own.", "The former guidance permitted an entity freedom in classifying business interruption insurance recoveries in the income statement, provided the classification was not contrary to other GAAP; that content now resides outside this subtopic.", "Researchers should treat the Topic 225 series as legacy and consult the recodified Income Statement—Reporting Comprehensive Income topics (ASC 220, including 220-30) for current business interruption insurance guidance." ], "categories": [ "Presentation", "Financial statement presentation", "Disclosure", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "The practical lesson here is codification navigation: an entire subtopic can be emptied by a Maintenance Update, so a citation to ASC 225-30 today is a citation to nothing. Students often mistakenly cite the old business interruption insurance rules without checking that the content moved to the ASC 220 income statement topics.", "related_topics": [ "220-30", "220", "225", "450-30", "610-30" ], "key_concepts": [ "business interruption insurance", "insurance recoveries", "superseded guidance", "income statement classification", "gain contingency" ] } ``` Source downloaded (UTC): 2026-09-09T23:08:42.893Z to 2026-09-09T23:08:42.893Z Record version: sha256:7caff0643eca2526c518d1e8b99eeb37e1ae5392849913429df015c9c3898bbd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-30-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/225/30/#00-status) SEC content: no ##### [225-30-00-1](https://asc.understandingaccounting.org/asc/225/30/#225-30-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:42.893Z to 2026-09-09T23:08:42.893Z Record version: sha256:e6c7795db14cd39e6b3a197ee2e7f78d03318fe7b97e9d502a59ffb62a1314d9 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
Business Interruption InsuranceSupersededMaintenance Update 2017-19 (PDF)11/15/2017
Gross MarginSupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-30-05-1SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-30-05-2SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-30-15-1SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-30-45-1SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-30-45-1AmendedAccounting Standards Update No. 2015-0101/09/2015
225-30-50-1SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-30-50-1AmendedAccounting Standards Update No. 2015-0101/09/2015
Source downloaded (UTC): 2026-09-09T23:08:45.058Z to 2026-09-09T23:08:45.058Z Record version: sha256:d91417fcdb451b2159d716b68e8089193fdf5532d04d5b92b6528e3b250c1143 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-30-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/225/30/#05-overview-and-background) SEC content: no ##### [225-30-05-1](https://asc.understandingaccounting.org/asc/225/30/#225-30-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:45.058Z to 2026-09-09T23:08:45.058Z Record version: sha256:e0523a24d0f30d6146e92e7ab76df156325cb9239da04729beb124d3ee051d08 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/) ##### [225-30-05-2](https://asc.understandingaccounting.org/asc/225/30/#225-30-05-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:45.058Z to 2026-09-09T23:08:45.058Z Record version: sha256:40938c31866eaa18bd5dbcffd2244f95c1b7bb5736c6b71df6fdbeb53a89747f 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/) Source downloaded (UTC): 2026-09-09T23:08:48.839Z to 2026-09-09T23:08:48.839Z Record version: sha256:f6594ad2e0407f22c9ba2be1f07eff7532f26e3e9461c56c9da52779d79417ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-30-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/225/30/#15-scope-and-scope-exceptions) SEC content: no ##### [225-30-15-1](https://asc.understandingaccounting.org/asc/225/30/#225-30-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:48.839Z to 2026-09-09T23:08:48.839Z Record version: sha256:b1e3889be037191f6fe4f5e0ee9e51d6b628df4dbcc97c92521de16548bec10f 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/) Source downloaded (UTC): 2026-09-09T23:08:51.651Z to 2026-09-09T23:08:51.651Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-30-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/225/30/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-09T23:08:55.552Z to 2026-09-09T23:08:55.552Z Record version: sha256:1ace170d0ad30e01106a3eb2e0c95b53fbc2e202aa61aacfa525ae60277be3ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-30-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/225/30/#45-other-presentation-matters) SEC content: no ##### [225-30-45-1](https://asc.understandingaccounting.org/asc/225/30/#225-30-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:55.552Z to 2026-09-09T23:08:55.552Z Record version: sha256:604f95f9591e65e28211fe5251e088332d02ff73bcea8ed25ca5521a3d33d809 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/) Source downloaded (UTC): 2026-09-09T23:08:58.783Z to 2026-09-09T23:08:58.783Z Record version: sha256:de089a73058c38ffaf7aeb0e8c5e63eb13fde4c4829e9c475a983c54036fe721 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-30-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/225/30/#50-disclosure) SEC content: no ##### [225-30-50-1](https://asc.understandingaccounting.org/asc/225/30/#225-30-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:58.783Z to 2026-09-09T23:08:58.783Z Record version: sha256:74e687f2e5756d5f02c61ee6a15dd84f89a655e0ce61e5aa6d43277992051d65 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/)