# ASC 405-920-55: Liabilities — Entertainment—Broadcasters — 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/920/#55-implementation-guidance-and-illustrations)

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## ASC 405-920-55: 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/405/920/#55-implementation-guidance-and-illustrations)

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#### License Agreement for Program Material

##### [405-920-55-1](https://asc.understandingaccounting.org/asc/405/920/#405-920-55-1)

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See Example 1 (paragraphs

[920-350-55-1 through 55-7](https://asc.understandingaccounting.org/asc/350/920/#350-920-55-1)

) for an Example illustrating the accounting for 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 television program material in accordance with this Topic.