Wiley GAAP 2018, 16th Edition

57ASC 835 Interest

1. Perspective and Issues
   1. Subtopics
   2. Scope and Scope Exceptions
   3. Overview
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 835-20, Capitalization of Interest
      1. Interest cost
      2. Capitalization interest rate
      3. Capitalizable base
      4. Example of accounting for capitalized interest costs
      5. Determining the time period for interest capitalization
      6. Capitalization of interest costs incurred on tax-exempt borrowings
      7. Summary of interest capitalization requirements
   2. ASC 835-30, Imputation of Interest
      1. Receivables
      2. Note issued solely for cash
      3. Note issued for cash and rights or privileges
      4. Example of accounting for a note issued for both cash and a contractual right
      5. Note issued in exchange for property, goods, or services
      6. Example of accounting for a note exchanged for goods
      7. Example of accounting for a note exchanged for property
      8. Example of accounting for a note exchanged to property
      9. Notes and bonds
      10. Summary—ASC 835-30
      11. Notes issued solely for cash
      12. Example of bonds issued for cash
      13. Notes issued for cash and a right or privilege
      14. Example of accounting for a note issued for both cash and a contractual right
      15. Redeemable instruments
      16. Sales of future revenue
   3. Effective Interest Method
      1. Example of applying the effective interest method
      2. Example of note issued between payment dates
   4. Debt Issuance Costs
      1. Consistency

Perspective and Issues

Subtopics

ASC 835, Interest, contains three Subtopics:

• ASC 835-10, Overall, which merely points to other topics with guidance on interest
• ASC 835-20, Capitalization ...