{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/928/#45-other-presentation-matters","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"340","topic_title":"Other Assets and Deferred Costs","subtopic":"340-928","subtopic_title":"Entertainment—Music","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Licensor Accounting","paragraphs":[{"citation":"340-928-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_E442A369-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/a/#advance-royalty\" class=\"term\" title=\"An amount paid to music publishers, record producers, songwriters, or other artists in advance of their earning royalties from record or music sales. Such an amount is based on contractual terms and is generally nonrefundable.\"><span>Advance royalties</span></a> shall be classified as current and noncurrent assets, as appropriate. </span></span></div></div>","snippet":"Advance royalties shall be classified as current and noncurrent assets, as appropriate.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75a30f676eb8cb18cad96825bc5d6ea31427dc8e626450dc373b81b72f439eae","downloaded_from":"2026-09-09T23:57:29.691Z","last_downloaded_at":"2026-09-09T23:57:29.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477426","source_sha256":"9be9c265cedb53ea1cc17396470cb71bcdce5ab4d7230fc796cd4862dcc640c5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb82bdf4d8f34c3a594f68127058c6f3f2cae093b5bbe9e88bc568467d26679b","downloaded_from":"2026-09-09T23:57:29.691Z","last_downloaded_at":"2026-09-09T23:57:29.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477426","source_sha256":"9be9c265cedb53ea1cc17396470cb71bcdce5ab4d7230fc796cd4862dcc640c5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09db430f4b973c70302caef5a84c725bf288050c6230c5e61decf8695f98165a","downloaded_from":"2026-09-09T23:57:29.691Z","last_downloaded_at":"2026-09-09T23:57:29.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477426","source_sha256":"9be9c265cedb53ea1cc17396470cb71bcdce5ab4d7230fc796cd4862dcc640c5"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09db430f4b973c70302caef5a84c725bf288050c6230c5e61decf8695f98165a","downloaded_from":"2026-09-09T23:57:29.691Z","last_downloaded_at":"2026-09-09T23:57:29.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477426","source_sha256":"9be9c265cedb53ea1cc17396470cb71bcdce5ab4d7230fc796cd4862dcc640c5"}}