{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/835/30/#45-other-presentation-matters","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":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"835-30-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Section does not apply to the amortization of premium and discount <span class=\"sfragment\" id=\"sfr_D5242646-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">of assets and liabilities that are reported at fair value </span></span>and the debt issuance costs of liabilities that are reported at fair value.</div> </div>","snippet":"The guidance in this Section does not apply to the amortization of premium and discount of assets and liabilities that are reported at fair value and the debt issuance costs of liabilities that are reported at fair value…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2859d1390f89474710ddc540774cc5df5251a1ae9a10be7c1fdfe67293b31d2","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}},{"citation":"835-30-45-1A","para":"45-1A","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D524284A-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The <a href=\"/glossary/d/#discount\" class=\"term\" title=\"The difference between the net proceeds, after expense, received upon issuance of debt and the amount repayable at its maturity. See Premium.\"><span>discount</span></a> or <a href=\"/glossary/p/#premium\" class=\"term\" title=\"The excess of the net proceeds, after expense, received upon issuance of debt over the amount repayable at its maturity. See Discount.\"><span>premium</span></a> resulting from the determination of present value in cash or noncash transactions is not an asset or liability separable from the note that gives rise to it. </span></span> <span class=\"sfragment\" id=\"sfr_D52429E8-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Therefore, the discount or premium shall be reported in the balance sheet as a direct deduction from or addition to the face amount of the note. </span></span> <span class=\"sfragment\" id=\"sfr_D5242BE2-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Similarly, debt issuance costs related to a note shall be reported in the balance sheet as a direct deduction from the face amount of that note. The discount, premium, or debt issuance costs </span></span> <span class=\"sfragment\" id=\"sfr_D5242D9B-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">shall not be classified as a deferred charge or deferred credit. </span></span> </div> </div>","snippet":"The discount or premium resulting from the determination of present value in cash or noncash transactions is not an asset or liability separable from the note that gives rise to it. Therefore, the discount or premium sha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04806a836063a17a87c143bc61ec397eb11a5de8c92e3a1d73980d799413e14a","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}},{"citation":"835-30-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D5243104-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/835/30/#835-30-45-1A\" class=\"xref\">835-30-45-1A</a> provides requirements for the balance sheet presentation for the discount or premium and debt issuance costs of a note. </span></span> <span class=\"sfragment\" id=\"sfr_D524329B-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The description of the note shall include the effective interest rate. The face amount of the note also shall be presented in the financial statements or disclosed in the notes to financial statements. </span></span> <span class=\"sfragment\" id=\"sfr_D5243401-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">(See paragraph <a href=\"/asc/835/30/#835-30-50-1\" class=\"xref\">835-30-50-1</a>.)</span></span> </div> </div>","snippet":"Paragraph 835-30-45-1A provides requirements for the balance sheet presentation for the discount or premium and debt issuance costs of a note. The description of the note shall include the effective interest rate. The fa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79fd525a2c4b09a59e20e82d3965b27db216050bc6b6b8c9868cca87dd435cf5","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}},{"citation":"835-30-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D5243597-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amortization of discount or premium shall be reported as interest expense </span></span> <span class=\"sfragment\" id=\"sfr_D5243710-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">in the case of liabilities or as interest income in the case of assets. Amortization of debt issuance costs also shall be reported as interest expense. </span></span> </div> </div>","snippet":"Amortization of discount or premium shall be reported as interest expense in the case of liabilities or as interest income in the case of assets. Amortization of debt issuance costs also shall be reported as interest exp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef1f3a2d9f2250b88556a828c18ece0b8454689356aa4f2e962131c53be7e0cd","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}},{"citation":"835-30-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_D524389B-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See Example 2 (paragraph <a href=\"/asc/835/30/#835-30-55-8\" class=\"xref\">835-30-55-8</a>) for illustrations of balance sheet presentation of a discount and debt issuance costs on a note. </span></span> </div> </div>","snippet":"See Example 2 (paragraph 835-30-55-8) for illustrations of balance sheet presentation of a discount and debt issuance costs on a note.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a07ba5e78e59cfaa327994eb54fe470a441f0e5343b5bd38003377c91029c649","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f9df2d8b0951ab45508d92a534d4c6cf56d044f185ad3301a004f1029865b44","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2fa3c2bd5e2586cd2f95abee341bc58de39c9ae0058eec68c4a9d983b15c3f2","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2fa3c2bd5e2586cd2f95abee341bc58de39c9ae0058eec68c4a9d983b15c3f2","downloaded_from":"2026-09-10T01:49:53.944Z","last_downloaded_at":"2026-09-10T01:49:53.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482925","source_sha256":"74377f8da24f3b6cd6a704740154ffc3a3546dc69c2b287b6b7b878345b3d174"}}