{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/270/10/#sec-55-implementation-guidance-and-illustrations","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"270","topic_title":"Interim Reporting","subtopic":"270-10","subtopic_title":"Overall","section":{"number":"S55","label":"SEC 55 Implementation Guidance and Illustrations","anchor":"sec-55-implementation-guidance-and-illustrations","is_sec":true,"groups":[{"block":null,"heading":"Computation of when Major Income Statement Captions May Be Combined","paragraphs":[{"citation":"270-10-S55-1","para":"S55-1","html":"See paragraph 270-10-S99-2, SAB Topic 6.G.2.a, Question 2, for SEC Staff views on the meaning of \"net income\" as used in the calculation of combining income statement captions for compliance with Regulation S-X Rules 10-01(a)(2) and (3). See paragraph 270-10-S99-2, SAB Topic 6.G.2.a, Question 4, for SEC Staff views on the calculation of determining what sources and applications of cash and cash equivalents must be presented separately in order to comply with Regulation S-X Rule 10-01(a)(4).