{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/835/30/#10-objectives","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":"835","topic_title":"Interest","subtopic":"835-30","subtopic_title":"Imputation of Interest","section":{"number":"10","label":"10 Objectives","anchor":"10-objectives","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"835-30-10-1","para":"10-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D4C49C2E-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The objective of the guidance in this Subtopic is to approximate the rate for a note that would have resulted if an independent borrower and an independent lender had negotiated a similar transaction under comparable terms and conditions with the option to pay the cash price upon purchase or to give a note for the amount of the purchase that bears the prevailing rate of interest to maturity. </span></span></div></div>","snippet":"The objective of the guidance in this Subtopic is to approximate the rate for a note that would have resulted if an independent borrower and an independent lender had negotiated a similar transaction under comparable ter…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da7b74f748e996e0537718c769823185aff2b49149f401078cd99030e7923d96","downloaded_from":"2026-09-10T01:49:39.975Z","last_downloaded_at":"2026-09-10T01:49:39.975Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483057","source_sha256":"0480b10e8af145f1cfceacf9d6fdaffaa0df1116211d2aab4f24c2fab7d21e9e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0672d14adb7851ba3bf8da842b9dfb030e31d85cc31760735cf14a7371503ce","downloaded_from":"2026-09-10T01:49:39.975Z","last_downloaded_at":"2026-09-10T01:49:39.975Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483057","source_sha256":"0480b10e8af145f1cfceacf9d6fdaffaa0df1116211d2aab4f24c2fab7d21e9e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ef9c337c56a1eb6aaf81155ff1bf9eb3cd3a707f1d54e59d3a3a401ec6bfd88","downloaded_from":"2026-09-10T01:49:39.975Z","last_downloaded_at":"2026-09-10T01:49:39.975Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483057","source_sha256":"0480b10e8af145f1cfceacf9d6fdaffaa0df1116211d2aab4f24c2fab7d21e9e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ef9c337c56a1eb6aaf81155ff1bf9eb3cd3a707f1d54e59d3a3a401ec6bfd88","downloaded_from":"2026-09-10T01:49:39.975Z","last_downloaded_at":"2026-09-10T01:49:39.975Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483057","source_sha256":"0480b10e8af145f1cfceacf9d6fdaffaa0df1116211d2aab4f24c2fab7d21e9e"}}