Wiley GAAP 2024

55ASC 835 INTEREST

1. Perspective and Issues
   1. Subtopics
   2. Scope and Scope Exceptions
   3. ASC 835-20
   4. ASC 835-30
   5. Overview
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 835-20, Capitalization of Interest
      1. Summary of Interest Capitalization Requirements
      2. Interest Cost
      3. Capitalization Interest Rate
      4. Capitalizable Base
      5. Example of Accounting for Capitalized Interest Costs
      6. Determining the Time Period for Interest Capitalization
      7. Capitalization of Interest Costs Incurred on Tax-Exempt Borrowings
   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—Accounting by Issuer
      5. Note Issued in Exchange for Property, Goods, or Services
      6. Example of Accounting for a Note Issued for Both Cash and a Contractual Right—Accounting by Debtor and Issuer
      7. Example of Accounting for a Note Exchanged for Goods
      8. Example of Accounting for a Note Exchanged for Property
      9. Example of Accounting for a Note Exchanged to Property
      10. Example of Bonds Issued for Cash
      11. Summary—ASC 835-30
      12. Sales of Future Revenue
   3. Effective Interest Method
   4. Accounting for Monetary Assets and Liabilities Under the Guidance in ASC 835-30 1
      1. Example of Applying the Effective Interest Method
      2. Example of Note Issued between Payment Dates
   5. Debt Issuance Costs
   6. Consistency
   7. Other Sources

PERSPECTIVE AND ISSUES

Subtopics

ASC 835, Interest, contains three Subtopics:

• ASC 835-10, Overall, which merely points ...