# ASC 924-10-S99: Entertainment—Casinos — Overall — SEC 99 SEC Materials

Source: FASB Accounting Standards Codification, Basic View

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## ASC 924-10-S99: SEC 99 SEC Materials

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#### SEC Staff Guidance

##### [924-10-S99-1](https://asc.understandingaccounting.org/asc/924/10/#924-10-S99-1)

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The following is the text of SAB Topic 11.L, Income Statement Presentation Of Casino-Hotels.

-   Facts: Registrants having casino-hotel operations present separately within the income statement amounts of revenue attributable to casino, hotel and restaurant operations, respectively.
    
-   Question: What is the appropriate income statement presentation of expenses attributable to casino-hotel activities?
    
-   Interpretive Response: The staff believes that the expenses attributable to each of the separate revenue producing activities of casino, hotel and restaurant operations should be separately presented on the face of the income statement. Such a presentation is consistent with the general reporting format for income statement presentation under Regulation S-X (Rules 5-03.1 and 5-03.2) which requires presentation of amounts of revenues and related costs and expenses applicable to major revenue providing activities. This detailed presentation affords an analysis of the relative contribution to operating profits of each of the revenue producing activities of a typical casino-hotel operation.