{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/920/#30-initial-measurement","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":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"License Agreement for Program Material","paragraphs":[{"citation":"405-920-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_DB663921-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A licensee shall report the asset and liability for a broadcast <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> at either of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_DB663A31-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The fair value of the liability </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_DB663AFC-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The gross amount of the liability. </span></span></div></li></ol><span class=\"sfragment\" id=\"sfr_DB663BD6-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> If a present value technique is used to measure fair value, the difference between the gross and net liability shall be accounted for as interest in accordance with Topic <a altsource=\"GUID-AC1D0F5C-2199-496C-9FF0-FAE561FCBAAA.ditamap\" class=\"ditamap\">835</a>. </span></span></div></div>","snippet":"A licensee shall report the asset and liability for a broadcast license agreement at either of the following:\n(a) The fair value of the liability\n(b) The gross amount of the liability.\nIf a present value technique is use…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a0d0a6bfe6301b9a0aa232ede1d73e06874c28a3046e370fad04d2f5b72a0d5e","downloaded_from":"2026-09-10T00:16:52.935Z","last_downloaded_at":"2026-09-10T00:16:52.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478977","source_sha256":"f671679b2835c2cf9c7562811a03dda81ede541959fada4374b34be5f4cbe7f8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1d4007d7a5fc4e5f1ea39f131bfa249e295bef0201398a20940610386e1fa20","downloaded_from":"2026-09-10T00:16:52.935Z","last_downloaded_at":"2026-09-10T00:16:52.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478977","source_sha256":"f671679b2835c2cf9c7562811a03dda81ede541959fada4374b34be5f4cbe7f8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d2a7eb2c40f491f054799d49dcc02d4d9e26aa1b2eff161efcc96d5e1893561","downloaded_from":"2026-09-10T00:16:52.935Z","last_downloaded_at":"2026-09-10T00:16:52.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478977","source_sha256":"f671679b2835c2cf9c7562811a03dda81ede541959fada4374b34be5f4cbe7f8"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d2a7eb2c40f491f054799d49dcc02d4d9e26aa1b2eff161efcc96d5e1893561","downloaded_from":"2026-09-10T00:16:52.935Z","last_downloaded_at":"2026-09-10T00:16:52.935Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478977","source_sha256":"f671679b2835c2cf9c7562811a03dda81ede541959fada4374b34be5f4cbe7f8"}}