{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/610/10/#05-overview-and-background","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":"610","topic_title":"Other Income","subtopic":"610-10","subtopic_title":"Overall","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"610-10-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_A587B7FF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The Other Income Topic specifies standards of financial accounting and reporting for income recognized that is not in a <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contract</span></a> with a <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customer</span></a> within the scope of Topic <a altsource=\"GUID-90450890-CA59-4C9A-A88C-D53D3DE3192F.ditamap\" class=\"ditamap\">606</a> on <a href=\"/glossary/r/#revenue\" class=\"term\" title=\"Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.\"><span>revenue</span></a> from contracts with customers, other Topics (such as Topic <a altsource=\"GUID-EFFBD456-3862-4F38-9F32-420717B43DE5.ditamap\" class=\"ditamap\">842</a> on leases and Topic <a altsource=\"GUID-D4C70B82-5C51-49E3-9F8B-C0D3501813A4.ditamap\" class=\"ditamap\">944</a> on insurance), or in accordance with other revenue or income recognition guidance.</span></span> </div> </div>","snippet":"The Other Income Topic specifies standards of financial accounting and reporting for income recognized that is not in a contract with a customer within the scope of Topic 606 on revenue from contracts with customers, oth…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f81eea7d53cc25969452f424d4044b6b67b8313234217bde12f49f93bff86d13","downloaded_from":"2026-09-10T00:54:40.305Z","last_downloaded_at":"2026-09-10T00:54:40.305Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479318","source_sha256":"2298a9499f6cbcac0993b5dc5e4098ef10061469bfe43d4996ea23b4b1b25c2a"}},{"citation":"610-10-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_A587B913-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Topic includes the following Subtopics:</span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_A587BA01-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Overall</span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_A587BAD9-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Gains and Losses from the Derecognition of Nonfinancial Assets</span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_A587BBAB-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Gains and Losses on Involuntary Conversions.</span></span> </div> </li> </ol> </div> </div>","snippet":"This Topic includes the following Subtopics:\n(a) Overall\n(b) Gains and Losses from the Derecognition of Nonfinancial Assets\n(c) Gains and Losses on Involuntary 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