{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/912/20/#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":"912","topic_title":"Contractors—Federal Government","subtopic":"912-20","subtopic_title":"Contract Costs","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"912-20-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7ba934f051437d2d806162f02f532973a7ae8e9ab142c1d4e7a816c251b0a03c","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}},{"citation":"912-20-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98bf174ac4b7e42a1479f5b1e28f093fd3b00dc9884db6e668ffb46cae630aef","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}},{"citation":"912-20-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6613f986d9ea2a4b34d8a2169207fe6fe46003ab0015e3194380fd322b34a93a","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c542639c97098b399232af6f5a555a9d864592a0f91b23121da80dd40c9b11dc","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}},{"block":null,"heading":"Income Statement","paragraphs":[{"citation":"912-20-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on presentation of terminated contracts, see Section <a altsource=\"GUID-6A5520AE-F991-4920-8C86-1562E5FDF2F0.ditamap\" class=\"ditamap\">912-220-45</a>.</div></div>","snippet":"For guidance on presentation of terminated contracts, see Section 912-220-45.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:422ac37e20c50541f89e42df8c7f7c219b2dfad9154d4187873dbbe90e57c6ec","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}},{"citation":"912-20-45-5","para":"45-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D5344E7C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A loss on termination of a contract for default shall either be reported as a separate item in the income statement or disclosed in accordance with paragraph <a href=\"/asc/912/20/#912-20-50-1\" class=\"xref\">912-20-50-1</a>. </span></span></div></div>","snippet":"A loss on termination of a contract for default shall either be reported as a separate item in the income statement or disclosed in accordance with paragraph 912-20-50-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ecc765fff4d160731c123c8b622a75fd9d6c8dcccb6cad680e831d6e3356e2d5","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b7ec94c9b792252a8f686ceae929b2c09d93a02b771907e819af8762a3a46d3","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d869cba2eb95af7c08c20622fb71e77ee39761bf6722cf7bc1dcb83534a9289","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d869cba2eb95af7c08c20622fb71e77ee39761bf6722cf7bc1dcb83534a9289","downloaded_from":"2026-09-10T02:10:23.981Z","last_downloaded_at":"2026-09-10T02:10:23.981Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482291","source_sha256":"1236da1eb0fee5d9a1d1be86b91033ee170850813ab3805ef723c9b499a50afd"}}