# ASC 610-10: Other Income — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/610/10/) 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): 2026-09-10T00:54:36.973Z to 2026-09-10T00:54:45.197Z Record version: sha256:f9611fe07b6a65965204edf729c55ad42aa957afbc3f8b6b29daf49550d93419 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 610-10: Other Income — Overall ### Machine-generated study aids ```json { "summary": "ASC 610-10 is the Overall subtopic of the Other Income Topic, which covers income that is not revenue from a contract with a customer under Topic 606 and is not addressed by other Topics (such as Topic 842 on leases or Topic 944 on insurance) or other revenue/income recognition guidance. It is largely a scope-setting subtopic: it establishes the pervasive scope for Topic 610 and identifies its Subtopics — Overall (610-10), Gains and Losses from the Derecognition of Nonfinancial Assets (610-20), and Gains and Losses on Involuntary Conversions (610-30). The guidance applies to all entities.", "key_points": [ "Topic 610 sets standards for income recognized that is NOT in a contract with a customer within the scope of Topic 606, other Topics (e.g., Topic 842 leases, Topic 944 insurance), or other revenue or income recognition guidance (610-10-05-1).", "Topic 610 comprises three Subtopics: Overall, Gains and Losses from the Derecognition of Nonfinancial Assets, and Gains and Losses on Involuntary Conversions (610-10-05-2).", "The scope Section of the Overall Subtopic establishes the pervasive scope for the entire Other Income Topic (610-10-15-1).", "The guidance in Topic 610 applies to all entities (610-10-15-2).", "610-10 itself contains no recognition or measurement rules; substantive guidance resides in the other Subtopics (610-20 and 610-30)." ], "categories": [ "Revenue", "Recognition", "Derecognition" ], "audience_level": "introductory", "student_note": "Topic 610 is the residual bucket for income: if a counterparty is not a customer and no other Topic applies, look here. The common mistake is treating every inflow as Topic 606 revenue — sales of nonfinancial assets outside the ordinary course (e.g., real estate, equipment) generate gains under 610-20, not revenue.", "related_topics": [ "606", "610-20", "610-30", "842", "944", "350" ], "key_concepts": [ "other income", "contract with a customer", "scope exclusion", "derecognition of nonfinancial assets", "involuntary conversions", "residual income guidance", "applies to all entities" ] } ``` Source downloaded (UTC): 2026-09-10T00:54:36.973Z to 2026-09-10T00:54:36.973Z Record version: sha256:99cd88ab65fbe0645a7eded9f9b83caf78bc15a759ab23038286248960e16503 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 610-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/610/10/#00-status) SEC content: no ##### [610-10-00-1](https://asc.understandingaccounting.org/asc/610/10/#610-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:36.973Z to 2026-09-10T00:54:36.973Z Record version: sha256:b0ff9b61af248590140040eec19e46045dbbb6fb7d7b67f145b6105ca4b52d09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
RevenueAddedAccounting Standards Update No. 2014-0905/28/2014
610-10-05-1AmendedAccounting Standards Update No. 2016-0202/25/2016
610-10-05-1AddedAccounting Standards Update No. 2014-0905/28/2014
610-10-05-2AddedAccounting Standards Update No. 2014-0905/28/2014
610-10-15-1AddedAccounting Standards Update No. 2014-0905/28/2014
610-10-15-2AddedAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:54:40.305Z to 2026-09-10T00:54:40.305Z Record version: sha256:5b9edfb8cead71803e2aa5388255c475eb2352a0523efecf699d74e14ed1d619 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 610-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/610/10/#05-overview-and-background) SEC content: no ##### [610-10-05-1](https://asc.understandingaccounting.org/asc/610/10/#610-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:40.305Z to 2026-09-10T00:54:40.305Z Record version: sha256:f81eea7d53cc25969452f424d4044b6b67b8313234217bde12f49f93bff86d13 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Other Income Topic specifies standards of financial accounting and reporting for income recognized that is not in a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "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.") within the scope of Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "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.") from contracts with customers, other Topics (such as Topic 842 on leases and Topic 944 on insurance), or in accordance with other revenue or income recognition guidance. ##### [610-10-05-2](https://asc.understandingaccounting.org/asc/610/10/#610-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:40.305Z to 2026-09-10T00:54:40.305Z Record version: sha256:14fc60eaab23894b4ec6e2767c0a531d586645962df1e51da9b194a807cbb78a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Topic includes the following Subtopics: 1. a Overall 2. b Gains and Losses from the Derecognition of Nonfinancial Assets 3. c Gains and Losses on Involuntary Conversions. Source downloaded (UTC): 2026-09-10T00:54:42.028Z to 2026-09-10T00:54:42.028Z Record version: sha256:79a3d02eb494781a2d13e00510f01fe3c7e13900c8784b4009754a0e3d9b93be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 610-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/610/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [610-10-15-1](https://asc.understandingaccounting.org/asc/610/10/#610-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:42.028Z to 2026-09-10T00:54:42.028Z Record version: sha256:81eb05dd52ebbac0e50b5e86d22ef9c74f46ef2538ce4574521863c2fe6baac5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The scope Section of the Overall Subtopic establishes the pervasive scope for the Other Income Topic. #### Entities ##### [610-10-15-2](https://asc.understandingaccounting.org/asc/610/10/#610-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:54:42.028Z to 2026-09-10T00:54:42.028Z Record version: sha256:4c9d25c6b082bf7c438a1c3d72ff2212da597776280ae0b5a119dcb85b0e9c55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Topic applies to all entities.