{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/920/#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":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-920","subtopic_title":"Entertainment—Broadcasters","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"License Agreements for Program Material","paragraphs":[{"citation":"350-920-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_DB01B37C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The asset recorded for the rights acquired under a <a href=\"/glossary/l/#license-agreement\" class=\"term\" title=\"A typical license agreement for program material (for example, features, specials, series, or cartoons) covers several programs (a package) and grants a television station, group of stations, network, pay television, or cable television system (licensee) the right to broadcast either a specified number or an unlimited number of showings over a maximum period of time (license period) for a specified fee.\"><span>license agreement</span></a> for program material shall be </span></span> <span class=\"sfragment\" id=\"sfr_DB01B490-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">presented separately from <a href=\"/glossary/f/#films\" class=\"term\" title=\"Feature films, television specials, television series, or similar products (including animated films and television programming) that are sold, licensed, or exhibited, whether produced on film, video tape, digital, or other video recording format.\"><span>films</span></a> that are accounted for under Subtopic <a altsource=\"GUID-D3EA69A2-0ACE-4C52-B8B6-A3C9134F3721.ditamap\" class=\"ditamap\">926-20</a> either on the balance sheet or in the notes to financial statements. </span></span> </div> </div>","snippet":"The asset recorded for the rights acquired under a license agreement for program material shall be presented separately from films that are accounted for under Subtopic 926-20 either on the balance sheet or in the notes …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57e5b7c0bbc69cdaabe23f2f8f58bb69fad3900425522523fcf6879e9ee6d335","downloaded_from":"2026-09-10T00:04:04.809Z","last_downloaded_at":"2026-09-10T00:04:04.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477635","source_sha256":"57978c3d4a680a2d9fed2f36e4fbf29c35e6feb9c700dad826c334c1a791c2d0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:594b1dfc59f67ec63dc6f7c2aa80a46e0438385fd1423c03a473f9532118ab19","downloaded_from":"2026-09-10T00:04:04.809Z","last_downloaded_at":"2026-09-10T00:04:04.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477635","source_sha256":"57978c3d4a680a2d9fed2f36e4fbf29c35e6feb9c700dad826c334c1a791c2d0"}},{"block":null,"heading":"Network Affiliation Agreements","paragraphs":[{"citation":"350-920-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_DB01B5B3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> <a href=\"/glossary/n/#network-affiliation-agreement\" class=\"term\" title=\"A broadcaster may be affiliated with a network under a network affiliation agreement. Under the agreement, the station receives compensation for the network programming that it carries based on a formula designed to compensate the station for advertising sold on a network basis and included in network programming. Program costs, a major expense of television stations, are generally lower for a network affiliate than for an independent station because an affiliate does not incur program costs for network programs.\"><span>Network affiliation agreements</span></a> and other such items ordinarily are presented in the balance sheet of a <a href=\"/glossary/b/#broadcaster\" class=\"term\" title=\"An entity or an affiliated group of entities that transmits radio or television program material.\"><span>broadcaster</span></a> as intangible assets. </span></span> </div> </div>","snippet":"Network affiliation agreements and other such items ordinarily are presented in the balance sheet of a broadcaster as intangible assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:34511767cdd5ddcab41cd40b2bca37677fea153beae3b4169142f493cc44b6bb","downloaded_from":"2026-09-10T00:04:04.809Z","last_downloaded_at":"2026-09-10T00:04:04.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477635","source_sha256":"57978c3d4a680a2d9fed2f36e4fbf29c35e6feb9c700dad826c334c1a791c2d0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7bf8fd9e6f43a42f151e87d9c210ec2b1bcacc164e4f1b6d3219adfbc25d05cb","downloaded_from":"2026-09-10T00:04:04.809Z","last_downloaded_at":"2026-09-10T00:04:04.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477635","source_sha256":"57978c3d4a680a2d9fed2f36e4fbf29c35e6feb9c700dad826c334c1a791c2d0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:254ed49ad89b1040733569df530a50297f76b66669df159d04d4b4f6f4fe900c","downloaded_from":"2026-09-10T00:04:04.809Z","last_downloaded_at":"2026-09-10T00:04:04.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477635","source_sha256":"57978c3d4a680a2d9fed2f36e4fbf29c35e6feb9c700dad826c334c1a791c2d0"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:254ed49ad89b1040733569df530a50297f76b66669df159d04d4b4f6f4fe900c","downloaded_from":"2026-09-10T00:04:04.809Z","last_downloaded_at":"2026-09-10T00:04:04.809Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477635","source_sha256":"57978c3d4a680a2d9fed2f36e4fbf29c35e6feb9c700dad826c334c1a791c2d0"}}