{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/920/#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":"405","topic_title":"Liabilities","subtopic":"405-920","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 Agreement for Program Material","paragraphs":[{"citation":"405-920-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_DB6EF78C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The liability recorded for the obligation 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 shall be segregated between current and noncurrent based on the payment terms. </span></span></div></div>","snippet":"The liability recorded for the obligation incurred under a license agreement for program material shall be segregated between current and noncurrent based on the payment terms.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebd4ed3da1a02b3a621c5ec7b51ea2dc8a4c79937def8a57b699d1a981a0d012","downloaded_from":"2026-09-10T00:16:55.184Z","last_downloaded_at":"2026-09-10T00:16:55.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478414","source_sha256":"d8de3cde2fa74ae10c13f02e0adff34fb4d5cd474711e38e604d8051f9f3ab9c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:124105ee1e4c353b9716a05cb404fd07b83a9771090348a007dcb4fcbaea76f8","downloaded_from":"2026-09-10T00:16:55.184Z","last_downloaded_at":"2026-09-10T00:16:55.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478414","source_sha256":"d8de3cde2fa74ae10c13f02e0adff34fb4d5cd474711e38e604d8051f9f3ab9c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:377cae65dc25acff183a29da3346a72e266bd5e2bfcc10ebd7d78a1a065b319a","downloaded_from":"2026-09-10T00:16:55.184Z","last_downloaded_at":"2026-09-10T00:16:55.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478414","source_sha256":"d8de3cde2fa74ae10c13f02e0adff34fb4d5cd474711e38e604d8051f9f3ab9c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:377cae65dc25acff183a29da3346a72e266bd5e2bfcc10ebd7d78a1a065b319a","downloaded_from":"2026-09-10T00:16:55.184Z","last_downloaded_at":"2026-09-10T00:16:55.184Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478414","source_sha256":"d8de3cde2fa74ae10c13f02e0adff34fb4d5cd474711e38e604d8051f9f3ab9c"}}