# ASC 912-20-45: Contractors—Federal Government — Contract Costs — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/912/20/#45-other-presentation-matters)

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## ASC 912-20-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/912/20/#45-other-presentation-matters)

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##### [912-20-45-1](https://asc.understandingaccounting.org/asc/912/20/#912-20-45-1)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [912-20-45-2](https://asc.understandingaccounting.org/asc/912/20/#912-20-45-2)

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##### [912-20-45-3](https://asc.understandingaccounting.org/asc/912/20/#912-20-45-3)

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#### Income Statement

##### [912-20-45-4](https://asc.understandingaccounting.org/asc/912/20/#912-20-45-4)

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For guidance on presentation of terminated contracts, see Section 912-220-45.

##### [912-20-45-5](https://asc.understandingaccounting.org/asc/912/20/#912-20-45-5)

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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](https://asc.understandingaccounting.org/asc/912/20/#912-20-50-1).