# ASC 835-30-60: Interest — Imputation of Interest — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/835/30/#60-relationships)

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## ASC 835-30-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/835/30/#60-relationships)

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#### Income Taxes

##### [835-30-60-1](https://asc.understandingaccounting.org/asc/835/30/#835-30-60-1)

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For guidance on accounting for differences between the recognition for financial accounting purposes and income tax purposes of [discount](https://asc.understandingaccounting.org/glossary/d/#discount "The difference between the net proceeds, after expense, received upon issuance of debt and the amount repayable at its maturity. See Premium.") or [premium](https://asc.understandingaccounting.org/glossary/p/#premium "The excess of the net proceeds, after expense, received upon issuance of debt over the amount repayable at its maturity. See Discount.") resulting from determination of the present value of a note, see Topic 740.