# ASC 225-932: Income Statement — Extractive Activities—Oil and Gas Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/225/932/) 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): 2026-09-09T23:09:23.688Z to 2026-09-09T23:09:35.806Z Record version: sha256:51618de14480a70c5b67c6a2721ec56df4f97da1b17cbf024d89802642433e09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-932: Income Statement — Extractive Activities—Oil and Gas ### Machine-generated study aids ```json { "summary": "ASC 225-932 was the income statement subtopic addressing oil and gas extractive activities, but every paragraph in it (Sections 05, 15, 50, and 55) was superseded by Maintenance Update 2017-19. As a result the subtopic contains no operative guidance; readers must look to ASC 932 (Extractive Activities—Oil and Gas) and ASC 220 for income statement presentation and disclosure requirements.", "key_points": [ "Every paragraph of ASC 225-932 — 225-932-05-1 (Overview and Background), 225-932-15-1 (Scope), 225-932-50-1 (Disclosure), and 225-932-55-1 (Implementation Guidance) — was superseded by Maintenance Update 2017-19.", "Because no paragraphs remain in effect, ASC 225-932 imposes no recognition, presentation, or disclosure requirements of its own.", "Income statement presentation guidance formerly indexed under ASC 225 now resides in ASC 220, Income Statement—Reporting Comprehensive Income.", "Substantive oil and gas guidance, including required disclosures about oil and gas producing activities, is found in ASC 932." ], "categories": [ "Presentation", "Industry-specific", "Financial statement presentation", "Disclosure" ], "audience_level": "introductory", "student_note": "This subtopic is a shell: it survives only as a cross-reference marker after Maintenance Update 2017-19 removed all its content. The common mistake is citing 225-932 as live authority for oil and gas income statement presentation — cite ASC 932 (and ASC 220) instead.", "related_topics": [ "932", "220", "225", "932-235" ], "key_concepts": [ "superseded guidance", "income statement presentation", "oil and gas producing activities", "extractive activities", "codification housekeeping" ] } ``` Source downloaded (UTC): 2026-09-09T23:09:23.688Z to 2026-09-09T23:09:23.688Z Record version: sha256:9389e41666b37122d932a0d36632e1f5ea021ec2dc1dc338441074796f40f4df Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-932-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/225/932/#00-status) SEC content: no ### Status ##### [225-932-00-1](https://asc.understandingaccounting.org/asc/225/932/#225-932-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:23.688Z to 2026-09-09T23:09:23.688Z Record version: sha256:0c5ca3b80cad041e5886313b9db95d8762d6b313cbb18713265ff74bda2ba595 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

932-225-05-1	Superseded	Maintenance Update 2017-19 (PDF)	11/15/2017
932-225-15-1	Superseded	Maintenance Update 2017-19 (PDF)	11/15/2017
932-225-50-1	Superseded	Maintenance Update 2017-19 (PDF)	11/15/2017
932-225-55-1	Superseded	Maintenance Update 2017-19 (PDF)	11/15/2017

Source downloaded (UTC): 2026-09-09T23:09:27.231Z to 2026-09-09T23:09:27.231Z Record version: sha256:cf634ccefdbbd675ad1b2b443b6ebe170c8a409e66106006e5c649b0f70d6d1c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-932-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/225/932/#05-overview-and-background) SEC content: no ##### [225-932-05-1](https://asc.understandingaccounting.org/asc/225/932/#225-932-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:27.231Z to 2026-09-09T23:09:27.231Z Record version: sha256:7fc2ad06ae58dc77bb781bb51a67f7280fe4bfd001b4a7abb74ac8db6b163296 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): 2026-09-09T23:09:30.394Z to 2026-09-09T23:09:30.394Z Record version: sha256:501d4a0bb893eecc33844fef47f112359e64dd839de3c39d45864829d9556f00 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-932-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/225/932/#15-scope-and-scope-exceptions) SEC content: no ##### [225-932-15-1](https://asc.understandingaccounting.org/asc/225/932/#225-932-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:30.394Z to 2026-09-09T23:09:30.394Z Record version: sha256:5988def16bd45a7915b28aec48e0f4ed56a4f24bb93472832ef5d593fb42aa82 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): 2026-09-09T23:09:33.377Z to 2026-09-09T23:09:33.377Z Record version: sha256:6aa7c053bbce81ec8d8882997802cd4b548de670050a1659f774020854389cc9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-932-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/225/932/#50-disclosure) SEC content: no ##### [225-932-50-1](https://asc.understandingaccounting.org/asc/225/932/#225-932-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:33.377Z to 2026-09-09T23:09:33.377Z Record version: sha256:6cdbf9c09790cf2e25f0fcd0bebf8c2af5937f3f71ca647300440bfe0ba093df 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): 2026-09-09T23:09:35.806Z to 2026-09-09T23:09:35.806Z Record version: sha256:acf7e51428f3e855cbd546042d26d77438ea2bee92e11652121b48f5cad1b5f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-932-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/225/932/#55-implementation-guidance-and-illustrations) SEC content: no ##### [225-932-55-1](https://asc.understandingaccounting.org/asc/225/932/#225-932-55-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:35.806Z to 2026-09-09T23:09:35.806Z Record version: sha256:aff569652b4900002e98c8fc81156abd67b46fda6e2884673dffa2a4566c3d6c 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/)