# ASC 470-30-45: Debt — Participating Mortgage Loans — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/470/30/#45-other-presentation-matters)

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## ASC 470-30-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/470/30/#45-other-presentation-matters)

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##### [470-30-45-1](https://asc.understandingaccounting.org/asc/470/30/#470-30-45-1)

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The amortization of the debt discount relating to the participation liability shall be included in interest expense.

##### [470-30-45-2](https://asc.understandingaccounting.org/asc/470/30/#470-30-45-2)

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If the participating mortgage loan is extinguished before its due date, the debt extinguishment gain or loss shall be reported as required by paragraph [470-50-40-2](https://asc.understandingaccounting.org/asc/470/50/#470-50-40-2).

##### [470-30-45-3](https://asc.understandingaccounting.org/asc/470/30/#470-30-45-3)

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[Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/).