{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/835/30/#60-relationships","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":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Income Taxes","paragraphs":[{"citation":"835-30-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D550DF1F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on accounting for differences between the recognition for financial accounting purposes and income tax purposes of <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 determination of the present value of a note, see Topic <a altsource=\"GUID-536ACE12-AE3B-4036-B02C-E0B2A90A3E70.ditamap\" class=\"ditamap\">740</a>. </span></span></div></div>","snippet":"For guidance on accounting for differences between the recognition for financial accounting purposes and income tax purposes of discount or premium resulting from determination of the present value of a note, see Topic 7…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1f9710414684e0b4448e0281d539812c5ee86865e41acd761d50e87030c3f01","downloaded_from":"2026-09-10T01:50:00.269Z","last_downloaded_at":"2026-09-10T01:50:00.269Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482924","source_sha256":"c54ddeef3074db73059f3fe1cef7a6d97a1bf83ab2d3255c71c8f67e4d38dca8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:631e5d61b83dc9d3b7ef470a808d5253d608e0e1eb2f7bcd94eb89f4c8026abd","downloaded_from":"2026-09-10T01:50:00.269Z","last_downloaded_at":"2026-09-10T01:50:00.269Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482924","source_sha256":"c54ddeef3074db73059f3fe1cef7a6d97a1bf83ab2d3255c71c8f67e4d38dca8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:276587da354a01518144ea98cbca6d95a9b2c429243aa642cd57c2ab76f59793","downloaded_from":"2026-09-10T01:50:00.269Z","last_downloaded_at":"2026-09-10T01:50:00.269Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482924","source_sha256":"c54ddeef3074db73059f3fe1cef7a6d97a1bf83ab2d3255c71c8f67e4d38dca8"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:276587da354a01518144ea98cbca6d95a9b2c429243aa642cd57c2ab76f59793","downloaded_from":"2026-09-10T01:50:00.269Z","last_downloaded_at":"2026-09-10T01:50:00.269Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482924","source_sha256":"c54ddeef3074db73059f3fe1cef7a6d97a1bf83ab2d3255c71c8f67e4d38dca8"}}