# ASC 470-20-35: Debt — Debt with Conversion and Other Options — 35 Subsequent Measurement Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/470/20/#35-subsequent-measurement) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:814bfd60787d5bf0fde40044214ee744591b5f9e96b2b9205211c3f09c46bb36 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 470-20-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/470/20/#35-subsequent-measurement) SEC content: no ##### [470-20-35-1](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:da007eaec262bc0f84868e625bdee21ced7cd547fda7ebe23a329d949f2d05f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-2](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:4fa977039a566d12eea515a3768b3b5a73431381795d63ae685de4efae3c0be9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-3](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:a69681e7fa5e1343700ea869ebbd99116dbc1077f2651b3f9daa85c63815c8bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-4](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:7a33f73216a8f29b6328d722288f89b9846389a5e1fb3eee522c8bef774426b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-5](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:3399ee8644b57763613a91c1df5b74ed2c67288faf5337d76c853c08665e4cdc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). #### Interest Expense ##### [470-20-35-6](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:afe8832ac136b348c6233515804340e5c78ab71ae847e688d04a3fe736652081 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Subtopic 835-10 provides overall guidance on accretion and amortization of debt premium or discount and debt issuance costs. This guidance addresses the incremental matter related to interest forfeiture. 1. a [Subparagraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). 3. c [Subparagraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-7](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:1511e45f5712079624cb0ba4caa038d9309983030e9c949a4ddc504a82aaa355 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-8](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:c4e6ccb51802630da18d1f8fa0bb8dd1f79e8c5050d87f97d2bf05d800e862db Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-9](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:a8c7d41ae309f0b9a1233bdc26eb3eb473ab5f29ced70e24a5e5a380c75248fb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-10](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:57bb5bc3d608a2cf6f89ea5041cf0ef0d6c96d56024efcbd594be2373b43fe4b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-11](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:bd511250f695f05cec777936928d5318923216ec9ea6c1c93b49ba0ead60fe8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the terms of conversion of a convertible debt instrument provide that any accrued but unpaid interest at the date of conversion is forfeited by the former debt holder, that interest should be accrued or imputed to the date of conversion of the debt instrument. #### Own-Share Lending Arrangements Issued in Contemplation of Convertible Debt Issuance ##### [470-20-35-11A](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-11A) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:3ce61ede41655a83210abfe3503d075ba7c461e0b2091a6e085532ae261c2903 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If it becomes [probable](https://asc.understandingaccounting.org/glossary/p/#probable "The future event or events are likely to occur.") that the counterparty to a share-lending arrangement will default, the issuer of the share-lending arrangement shall recognize an expense equal to the then fair value of the unreturned shares, net of the fair value of probable recoveries, with an offset to additional paid-in capital. The issuer of the share-lending arrangement shall remeasure the fair value of the unreturned shares each reporting period through earnings until the arrangement consideration payable by the counterparty becomes fixed. Subsequent changes in the amount of the probable recoveries should also be recognized in earnings. ### Cash Conversion ##### [470-20-35-12](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:8fb4d3715201c06a85c8e4aed6b50f687a6bb3a6111cd8fd837f445a09ac4796 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-13](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:253ec59d366f7025eb5fbe0ff5a433711dbd7318c8b54bad831c6ebac1801dd4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-14](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:aa39b6d4f5eabb97354d18aea8db98a4fd35ac0b2a799c5d89f7b1063e8ac49b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-15](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:589312695b8c724d90af69ec6e7037551b101bb86651b9951c089919a5c1a361 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-16](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:e2fbe45cc1b74c5c2d6ff0031792d5ed1d4f86378a8029b54ff91f33fb11a0cf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-17](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:af289e0039fe1994ac6bcca8dc187830a340cf230a50b6b85a55a224bfddd0c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-18](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:686aea885a228efc874d4bfc814bb4e51220677c5294da24f30509a244a521ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-19](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:33ea004d80436ae9ba60ea3fc7af77655e17ba2e63e03f961201a47004afaab4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/). ##### [470-20-35-20](https://asc.understandingaccounting.org/asc/470/20/#470-20-35-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:28.520Z to 2026-09-10T00:31:28.520Z Record version: sha256:1f79c1a3e93fc8e7444158cf7c0a4f450538dc31b791bcaa2a9747b076f46b0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/).