Wiley GAAP 2021, 2nd Edition

33ASC 470 DEBT

1. Perspective and Issues
   1. Subtopics
   2. Scope and Scope Exceptions
      1. ASC 470‐20
      2. ASC 470‐30
      3. ASC 470‐40
      4. ASC 470‐50
      5. ASC 470‐60
   3. Overview
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 470‐10, Overall
      1. Debt with Covenants
      2. Subjective Acceleration Clauses
      3. Revolving Credit Agreements
      4. Increasing‐Rate Debt
      5. Due on Demand Loans
      6. Callable Debt
      7. Short‐Term Obligations Expected to Be Refinanced
      8. Example of Short‐Term Obligations to Be Refinanced
      9. Indexed Debt
   2. ASC 470‐20, Debt with Conversion and Other Options
      1. Convertible Debt—Overall
      2. Commitment Date
      3. General Subsection
      4. Example of Accounting for a Bond with a Detachable Warrant
      5. Debt Issued with Both Conversion Features and Stock Warrants
      6. Example of Convertible Debt Issued with Stock Warrants
      7. Convertible Debt without Beneficial Conversion
      8. Example of Conversion of Convertible Debt without Beneficial Conversion
      9. Convertible Securities with Beneficial Conversion Features
      10. Accounting Treatment of Beneficial Conversion Features
      11. Instruments Paid‐in‐Kind
      12. Instruments Issued as a Repayment for Nonconvertible Instrument
      13. Derecognition
      14. Contingent Conversion
      15. Example 1: Intrinsic Value of a Conversion Feature—Fixed Dollar Terms
      16. Example 2: Intrinsic Value of a Conversion Feature—Variable Terms
      17. Example 3: Intrinsic Value of a Conversion Feature—Contingent Price Terms
      18. Example 4: Intrinsic Value of a Conversion Feature—Contingent Conversion
      19. Example 5: Intrinsic Value of a Conversion Feature—Contingent Conversion with Variable Terms
      20. Example of ...