# ASC 910-10-45: Contractors—Construction — Overall — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/910/10/#45-other-presentation-matters)

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## ASC 910-10-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/910/10/#45-other-presentation-matters)

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#### Receivables

##### [910-10-45-1](https://asc.understandingaccounting.org/asc/910/10/#910-10-45-1)

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The portion of retainages not collectible within one year, or within the operating cycle if it is longer than one year, shall be classified as noncurrent in a classified balance sheet.

##### [910-10-45-2](https://asc.understandingaccounting.org/asc/910/10/#910-10-45-2)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [910-10-45-3](https://asc.understandingaccounting.org/asc/910/10/#910-10-45-3)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

#### Consolidation—Investment in an Unincorporated Legal Entity

##### [910-10-45-4](https://asc.understandingaccounting.org/asc/910/10/#910-10-45-4)

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Paragraph [810-10-45-14](https://asc.understandingaccounting.org/asc/810/10/#810-10-45-14) explains that a proportionate gross financial statement presentation is not appropriate for an investment in an unincorporated legal entity accounted for by the equity method of accounting unless the investee is in either the construction industry (as discussed in this Topic) or an extractive industry (see paragraphs [930-810-45-1](https://asc.understandingaccounting.org/asc/810/930/#810-930-45-1) and [932-810-45-1](https://asc.understandingaccounting.org/asc/810/932/#810-932-45-1)).