# ASC 350-20-45: Intangibles—Goodwill and Other — Goodwill — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/350/20/#45-other-presentation-matters)

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## ASC 350-20-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/350/20/#45-other-presentation-matters)

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##### [350-20-45-1](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-1)

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The aggregate amount of [goodwill](https://asc.understandingaccounting.org/glossary/g/#goodwill "An asset representing the future economic benefits arising from other assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation that are not individually identified and separately recognized. For ease of reference, this term also includes the immediate charge recognized by not-for-profit entities in accordance with paragraph 958-805-25-29.") shall be presented as a separate line item in the statement of financial position.

##### [350-20-45-2](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-2)

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The aggregate amount of goodwill impairment losses shall be presented as a separate line item in the income statement before the subtotal income from continuing operations (or similar caption) unless a goodwill impairment loss is associated with a discontinued operation.

##### [350-20-45-3](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-3)

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A goodwill impairment loss associated with a discontinued operation shall be included (on a net-of-tax basis) within the results of discontinued operations. For guidance on reporting discontinued operations, see Subtopic 205-20.

### Accounting Alternatives

##### [350-20-45-4](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-4)

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The following guidance for [goodwill](https://asc.understandingaccounting.org/glossary/g/#goodwill "An asset representing the future economic benefits arising from other assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation that are not individually identified and separately recognized. For ease of reference, this term also includes the immediate charge recognized by not-for-profit entities in accordance with paragraph 958-805-25-29.") applies to entities within the scope of paragraph [350-20-15-4](https://asc.understandingaccounting.org/asc/350/20/#350-20-15-4) that elect the accounting alternative for amortizing goodwill.

##### [350-20-45-5](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-5)

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The aggregate amount of goodwill net of accumulated amortization and impairment shall be presented as a separate line item in the statement of financial position.

##### [350-20-45-6](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-6)

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The amortization and aggregate amount of impairment of goodwill shall be presented in income statement or statement of activities line items within continuing operations (or similar caption) unless the amortization or a goodwill impairment loss is associated with a discontinued operation.

##### [350-20-45-7](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-7)

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The amortization and impairment of goodwill associated with a discontinued operation shall be included (on a net-of-tax basis) within the results of discontinued operations.