# ASC 270-10-S55: Interim Reporting — Overall — SEC 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/270/10/#sec-55-implementation-guidance-and-illustrations)

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## ASC 270-10-S55: SEC 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/270/10/#sec-55-implementation-guidance-and-illustrations)

SEC content: yes

#### Computation of when Major Income Statement Captions May Be Combined

##### [270-10-S55-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-S55-1)

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See paragraph [270-10-S99-2](https://asc.understandingaccounting.org/asc/270/10/#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).

#### Computation of Cash Flows Provided by Operations for the Three Most Recent Years

##### [270-10-S55-2](https://asc.understandingaccounting.org/asc/270/10/#270-10-S55-2)

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See paragraph [270-10-S99-2](https://asc.understandingaccounting.org/asc/270/10/#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).