# ASC 405-920-45: Liabilities — Entertainment—Broadcasters — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/920/#45-other-presentation-matters)

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## ASC 405-920-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/405/920/#45-other-presentation-matters)

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#### License Agreement for Program Material

##### [405-920-45-1](https://asc.understandingaccounting.org/asc/405/920/#405-920-45-1)

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The liability recorded for the obligation incurred under a [license agreement](https://asc.understandingaccounting.org/glossary/l/#license-agreement "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.") for program material shall be segregated between current and noncurrent based on the payment terms.