{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/30/#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":"842","topic_title":"Leases","subtopic":"842-30","subtopic_title":"Lessor","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Sales-Type and Direct Financing Leases","paragraphs":[{"citation":"842-30-45-1","para":"45-1","html":"
A lessor shall present lease assets (that is, the aggregate of the lessor's net investment in sales-type leases and direct financing leases) separately from other assets in the statement of financial position.
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Lease assets shall be subject to the same considerations as other assets in classification as current or noncurrent assets in a classified balance sheet.
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A lessor shall either present in the statement of comprehensive income or disclose in the notes income arising from leases. If a lessor does not separately present lease income in the statement of comprehensive income, the lessor shall disclose which line items include lease income in the statement of comprehensive income.
","snippet":"A lessor shall either present in the statement of comprehensive income or disclose in the notes income arising from leases. If a lessor does not separately present lease income in the statement of comprehensive income, t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c47b23efe1fc244708960bde7c13dd22f6fe5ccf6304920c44989b1a4137ac05","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}},{"citation":"842-30-45-4","para":"45-4","html":"
A lessor shall present any profit or loss on the lease recognized at the commencement date in a manner that best reflects the lessor's business model(s). Examples of presentation include the following:
  1. a
    If a lessor uses leases as an alternative means of realizing value from the goods that it would otherwise sell, the lessor shall present revenue and cost of goods sold relating to its leasing activities in separate line items so that income and expenses from sold and leased items are presented consistently. Revenue recognized is the lesser of:
    1. 1
      The fair value of the underlying asset at the commencement date
    2. 2
      The sum of the lease receivable and any lease payments prepaid by the lessee.
    Cost of goods sold is the carrying amount of the underlying asset at the commencement date minus the unguaranteed residual asset.
  2. b
    If a lessor uses leases for the purposes of providing finance, the lessor shall present the profit or loss in a single line item.
","snippet":"A lessor shall present any profit or loss on the lease recognized at the commencement date in a manner that best reflects the lessor's business model(s). Examples of presentation include the following:\n(a) If a lessor us…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:108f7aa93df2dd682b86e3fd82b8edf993d623d69ce1824ba487859d64faf5a4","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}},{"citation":"842-30-45-5","para":"45-5","html":"
In the statement of cash flows, a lessor shall classify cash receipts from leases within operating activities. However, if the lessor is within the scope of Topic 942 on financial services—depository and lending, it shall follow the guidance in paragraph 942-230-45-4 for the presentation of principal payments received from leases.
","snippet":"In the statement of cash flows, a lessor shall classify cash receipts from leases within operating activities. However, if the lessor is within the scope of Topic 942 on financial services—depository and lending, it shal…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:077397d8a509ce286b6dbbc27523ba6f26c188e5d1d08d0ed4a3637d20c817a0","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01c504b000021426512f23b8d7d4663cf34ac2633bc1a83d7549f96c4ad879f5","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}},{"block":null,"heading":"Operating Leases","paragraphs":[{"citation":"842-30-45-6","para":"45-6","html":"
A lessor shall present the underlying asset subject to an operating lease in accordance with other Topics.
","snippet":"A lessor shall present the underlying asset subject to an operating lease in accordance with other Topics.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c84ea8047f1d0bec0e775f1baad7cf678785482780ad6158d7be271ccb8d3e2e","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}},{"citation":"842-30-45-7","para":"45-7","html":"
In the statement of cash flows, a lessor shall classify cash receipts from leases within operating activities.
","snippet":"In the statement of cash flows, a lessor shall classify cash receipts from leases within operating activities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55508a5c923d05748cf9dc1a4c423383c883b3dc47866aa2c602b425feeb1efb","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26d507d6fa8f1f60fb9e92706741e62e8a0446b3ceb5a492834ec31c4c366c33","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8d7a65c63f608461ba7d9b696c2cbc0655f1dbcb1a8470e8ea902176f052795","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8d7a65c63f608461ba7d9b696c2cbc0655f1dbcb1a8470e8ea902176f052795","downloaded_from":"2026-09-10T01:57:26.511Z","last_downloaded_at":"2026-09-10T01:57:26.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479016","source_sha256":"32cea9e1a8a5512cb610ae5e4dbbb10c090f8f5fa8a084b37d1865c75a22b94f"}}