# ASC 340-928-45: Other Assets and Deferred Costs — Entertainment—Music — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/340/928/#45-other-presentation-matters)

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## ASC 340-928-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/340/928/#45-other-presentation-matters)

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#### Licensor Accounting

##### [340-928-45-1](https://asc.understandingaccounting.org/asc/340/928/#340-928-45-1)

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[Advance royalties](https://asc.understandingaccounting.org/glossary/a/#advance-royalty "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.") shall be classified as current and noncurrent assets, as appropriate.