Wiley GAAP: Financial Statement Disclosure Manual

5ASC 220 INCOME STATEMENT—REPORTING COMPREHENSIVE INCOME

1. Authoritative Literature
   1. Subtopics
   2. Scope
2. Practice Alert
3. Disclosure and Presentation Requirements
   1. ASC 220‐10, Overall
      1. Format of Statement of Income and Comprehensive Income
      2. Entities with an Outstanding Noncontrolling Interest
      3. The Order of Presentation and Headings
      4. Consistency of Form
      5. Aggregation
      6. Income from Continuing Operations
      7. Income from Continuing Operations
      8. Net Income
      9. Items of Other Comprehensive Income
   2. ASC 220‐20, Unusual Items or Infrequently Occurring Items
   3. ASC 220‐30, Business Interruption Insurance
4. Disclosure and Presentation Examples
   1. Example 5.1: Basic Order of Income Statement and Comprehensive Income Statement
   2. Example 5.2: A Multiple‐Step Format for Income from Continuing Operations
   3. Example 5.3: A Single‐Step Format for Income from Continuing Operations
   4. Example 5.4: Combined Statement of Income and Comprehensive Income with “Net of Tax” Presentation
   5. Example 5.5: Combined Statement of Income and Comprehensive Income with “Gross of Tax” Presentation
   6. Example 5.6: Two Separate but Consecutive Statements of Income and Comprehensive Income—Net of Tax Presentation
   7. Example 5.7: Note X: Income Taxes
   8. Example 5.8: Unusual or Infrequently Occurring Item—Fire at Manufacturing Facility
   9. Example 5.9: Unusual or Infrequently Occurring Items—Legal Settlement
   10. Example 5.10: Business Interruption and Insurance Recovery
   11. Example 5.11: Business Interruption and Insurance Recovery

AUTHORITATIVE LITERATURE

In financial ...