{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/920/#25-recognition","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":"405","topic_title":"Liabilities","subtopic":"405-920","subtopic_title":"Entertainment—Broadcasters","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"License Agreement for Program Material","paragraphs":[{"citation":"405-920-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">Paragraph <a href=\"/asc/350/920/#350-920-25-2\" class=\"xref\">920-350-25-2</a> requires that 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> shall recognize an asset and a liability for the rights acquired and obligations incurred 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 when the license period begins and certain conditions specified in that paragraph are met.</div></div>","snippet":"Paragraph 920-350-25-2 requires that a broadcaster shall recognize an asset and a liability for the rights acquired and obligations incurred under a license agreement for program material when the license period begins a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f3eb3d77e8502b818aa3370048c22dc877361570cc55bf8ef288370bcda8aee","downloaded_from":"2026-09-10T00:16:50.984Z","last_downloaded_at":"2026-09-10T00:16:50.984Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478593","source_sha256":"b5eed151b22c41e5259fcbd0f14b3bf4a0d54d18ea4d3d115e1cb4d05e634661"}},{"citation":"405-920-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf87903b8beedbbe9d70d64968d988cf47b2132c98181fafce5ba79e1f028c80","downloaded_from":"2026-09-10T00:16:50.984Z","last_downloaded_at":"2026-09-10T00:16:50.984Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478593","source_sha256":"b5eed151b22c41e5259fcbd0f14b3bf4a0d54d18ea4d3d115e1cb4d05e634661"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c1bd216d9e3f93b6a09ee25b910f42b2c8af55da1ecaaf5c874a7a3b130cb69","downloaded_from":"2026-09-10T00:16:50.984Z","last_downloaded_at":"2026-09-10T00:16:50.984Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478593","source_sha256":"b5eed151b22c41e5259fcbd0f14b3bf4a0d54d18ea4d3d115e1cb4d05e634661"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1fc736613441c50239f6d864f50e3a1cefa7bd66317a46642b8993ebda24de9f","downloaded_from":"2026-09-10T00:16:50.984Z","last_downloaded_at":"2026-09-10T00:16:50.984Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478593","source_sha256":"b5eed151b22c41e5259fcbd0f14b3bf4a0d54d18ea4d3d115e1cb4d05e634661"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1fc736613441c50239f6d864f50e3a1cefa7bd66317a46642b8993ebda24de9f","downloaded_from":"2026-09-10T00:16:50.984Z","last_downloaded_at":"2026-09-10T00:16:50.984Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478593","source_sha256":"b5eed151b22c41e5259fcbd0f14b3bf4a0d54d18ea4d3d115e1cb4d05e634661"}}