{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/740/972/#45-other-presentation-matters","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":"740","topic_title":"Income Taxes","subtopic":"740-972","subtopic_title":"Real Estate—Common Interest Realty Associations","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"740-972-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_2B523F19-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Because income taxes are generally not related to the excess of revenues over expenses as in commercial entities, they may be presented in the same manner as other operating expenses in the statement of revenue and expenses. </span></span><span class=\"sfragment\" id=\"sfr_2B524041-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/c/#common-interest-realty-association\" class=\"term\" title=\"An association, also known as a community association, responsible for the governance of the common interest community, for which it was established to serve. A common interest realty association is generally funded by its members via periodic assessments by the common interest realty association so that it can perform its duties, which include management services and maintenance, repair, and replacement of the common property, among other duties established in the governing documents and by state statute.\"><span>Common interest realty associations</span></a> shall follow the guidance in Topic <a altsource=\"GUID-536ACE12-AE3B-4036-B02C-E0B2A90A3E70.ditamap\" class=\"ditamap\">740</a>. </span></span></div></div>","snippet":"Because income taxes are generally not related to the excess of revenues over expenses as in commercial entities, they may be presented in the same manner as other operating expenses in the statement of revenue and expen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6abe3a842267818d18e81cd9b75dde3c925966b596f1c77f839629439b46cd0f","downloaded_from":"2026-09-10T01:21:31.083Z","last_downloaded_at":"2026-09-10T01:21:31.083Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477327","source_sha256":"147dc648b87e013372029cb6733cd8472f38614d2998c48ec32d6e7081109c7b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2ceaed64b86f717ea3c7e1a953bcbe6dfe9c87e206bae4b4c15e6ed3e40ab9b","downloaded_from":"2026-09-10T01:21:31.083Z","last_downloaded_at":"2026-09-10T01:21:31.083Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477327","source_sha256":"147dc648b87e013372029cb6733cd8472f38614d2998c48ec32d6e7081109c7b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d373684b0e98e49722c6096980ee4cc756ba732a3033e0b01dbdf70419878d17","downloaded_from":"2026-09-10T01:21:31.083Z","last_downloaded_at":"2026-09-10T01:21:31.083Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477327","source_sha256":"147dc648b87e013372029cb6733cd8472f38614d2998c48ec32d6e7081109c7b"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d373684b0e98e49722c6096980ee4cc756ba732a3033e0b01dbdf70419878d17","downloaded_from":"2026-09-10T01:21:31.083Z","last_downloaded_at":"2026-09-10T01:21:31.083Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477327","source_sha256":"147dc648b87e013372029cb6733cd8472f38614d2998c48ec32d6e7081109c7b"}}