# ASC 310-10-45: Receivables — Overall — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/310/10/#45-other-presentation-matters) 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): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:8b53165041fe94d2402fba2d6829831e7fa8a7aab22cf11afe1f44920138700f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-10-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/310/10/#45-other-presentation-matters) SEC content: no ##### [310-10-45-1](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:d1ab00fb1fe10f01cc0abff9b4083d6a1d2f268a9f4eedb4c9c17eb8166d9a01 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subsection provides guidance on presentation matters for receivables, specifically: 1. a [Loans](https://asc.understandingaccounting.org/glossary/l/#loan "A contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include but are not limited to accounts receivable (with terms exceeding one year) and notes receivable.") or trade receivables 2. b Foreclosed and repossessed assets 3. c [Subparagraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/). 4. d [Subparagraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/). 5. e Discount and premium 6. f Unearned discounts 7. g Receivables classified as current assets 8. h Cash flows 9. i Receivables from officers, employees, or affiliates 10. j Note received as an equity contribution. #### Nonmortgage Loans or Trade Receivables ##### [310-10-45-2](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:29a60ecb68d124670e5c5ded1492d3c10ef39a9e54ec6696bf7b1c27270280d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Nonmortgage loans or trade receivables may be presented on the balance sheet as aggregate amounts. However, such receivables held for sale shall be a separate balance sheet category. Major categories of nonmortgage loans or trade receivables shall be presented separately either in the balance sheet or in the notes to financial statements. An entity shall present the amounts reversed or established for the valuation allowance and the allowance for credit losses, as applicable, related to the transfer of nonmortgage loans (see paragraphs [310-10-35-48A through 35-48B](https://asc.understandingaccounting.org/asc/310/10/#310-10-35-48A) ) on a gross basis in the income statement. An entity may present those amounts on the income statement or in the notes to financial statements. #### Foreclosed or Repossessed Assets ##### [310-10-45-3](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:7771fed42bd5c66f158a02d3129ab23fecdf1d6e4f31a30c433ed2d3be2e82dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Foreclosed and repossessed assets shall be classified as a separate balance sheet amount or included in other assets on the balance sheet with separate disclosures in the notes to financial statements. Certain returned or repossessed assets, such as inventory, shall not be classified separately if the assets subsequently are to be utilized by the entity in operations. ##### [310-10-45-4](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:c2a61116d8c92ef02f9679edf77ff0db594d6379c4156f203e796d182bf34e7e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-04](https://asc.understandingaccounting.org/updates/asu-2012-04/). ##### [310-10-45-4A](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-4A) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:3fcb79239d5647fb104d956f0e46eb9c0551245900a8a7b4076496495c0dd0cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/). ##### [310-10-45-5](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:c15af8f2073ef35a08f7e7578f5d4466c653c6b7024964f3b998fb0dabb61fb7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/). ##### [310-10-45-6](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:d780f0679db683fe1112de154aae59bd2dd592ed313236ea82d1b14d121f403c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/). #### Discount and Premium ##### [310-10-45-7](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:5e14e8184e2eefbef9f6804f855f8e4aa8791cbf08963525f4b422dba5ddd3d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraphs [835-30-45-1A through 45-4](https://asc.understandingaccounting.org/asc/835/30/#835-30-45-1A) for guidance on presentation matters related to the discount or premium on a note. #### Unearned Discounts ##### [310-10-45-8](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:6ab00e6ceaf641006bb2153d9382df2a761c86f4ba055f8e4d06ef32776dd9e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Unearned discounts (other than cash or quantity discounts and similar items), finance charges, and interest included in the face amount of receivables shall be shown as a deduction from the related receivables. #### Receivables Classified as Current Assets ##### [310-10-45-9](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:9ae34a5c63ba4ebe9829551d91d850c04d3b793c1b4913c340e799833ee7c056 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As indicated in its definition for accounting purposes, the term [current assets](https://asc.understandingaccounting.org/glossary/c/#current-assets "Current assets is used to designate cash and other assets or resources commonly identified as those that are reasonably expected to be realized in cash or sold or consumed during the normal operating cycle of the business. See paragraphs 210-10-45-1210-10-45-2210-10-45-3210-10-45-4.") is used to designate cash and other assets or resources commonly identified as those that are reasonably expected to be realized in cash or sold or consumed during the normal operating cycle of the business. Paragraph [210-10-45-1](https://asc.understandingaccounting.org/asc/210/10/#210-10-45-1) notes that the term current assets comprehends the following types of receivables: 1. a Trade accounts, notes, and acceptances receivable 2. b Receivables from officers, employees, affiliates, and others, if collectible in the ordinary course of business within a year 3. c Installment or deferred accounts and notes receivable if they conform generally to normal trade practices and terms within the business. See Section 210-10-45 for further guidance on the required presentation of current assets in the balance sheet. #### Cash Flows ##### [310-10-45-10](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:08e6e79b4fac62e5dcaa5384d8d53017f8bb4cc12aafc39f23cc3f3d6c5c34ae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [230-10-45-16](https://asc.understandingaccounting.org/asc/230/10/#230-10-45-16) states that cash receipts from returns on loans, other debt instruments of other entities, and equity securities—interest and dividends shall be classified in the statement of cash flows as cash inflows from operating activities. ##### [310-10-45-11](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:c1fc566884addd255f063c72f4c270bea1ddae430be6513f1436ea4f5d6677fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [230-10-45-11](https://asc.understandingaccounting.org/asc/230/10/#230-10-45-11) states that cash flows from purchases, sales, and maturities of available-for-sale debt securities shall be classified as cash flows from investing activities and reported gross in the statement of cash flows. Paragraph [230-10-45-21](https://asc.understandingaccounting.org/asc/230/10/#230-10-45-21) states that some loans are similar to debt securities in a trading account in that they are originated or purchased specifically for resale and are held for short periods of time. ##### [310-10-45-12](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:e4fd4d82c552cff1c3219f871af2bd65e4856e5d0587349a6089262691f24a07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Topic 230 for further guidance on the classification of cash flows from receivables in the cash flow statement. #### Receivables from Officers, Employees, or Affiliates ##### [310-10-45-13](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-13) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:c663dfa87f6db8b7771b2bac93ce02ef12e5b9fee0d9fc91a0dfe2100c69f7e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As indicated in paragraph [850-10-50-2](https://asc.understandingaccounting.org/asc/850/10/#850-10-50-2), notes or accounts receivable due from officers, employees, or affiliated companies shall be shown separately and not included under a general heading such as notes receivable or accounts receivable. #### Note Received as an Equity Contribution ##### [310-10-45-14](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-14) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:39c9e45d2e37312b93233fe1bfd520a5c2ad16e97203e8cd56ca7fb99c61d8e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on a note received as a contribution to an entity's equity, see paragraph [505-10-45-2](https://asc.understandingaccounting.org/asc/505/10/#505-10-45-2). ### Acquisition, Development, and Construction Arrangements ##### [310-10-45-15](https://asc.understandingaccounting.org/asc/310/10/#310-10-45-15) Pending content: no Source downloaded (UTC): 2026-09-09T23:25:06.148Z to 2026-09-09T23:25:06.148Z Record version: sha256:970ca094b85d91a668484d231b5a53991e0e36b70b837ac94da4edc9e5623d0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Acquisition, development, and construction arrangements](https://asc.understandingaccounting.org/glossary/a/#acquisition-development-and-construction-arrangements "Acquisition, development, or construction arrangements, in which a lender, usually a financial institution, participates in expected residual profit from the sale or refinancing of property.") accounted for as investments in real estate or joint ventures shall be combined and reported in the balance sheet separately from those acquisition, development, and construction arrangements accounted for as loans.