Interest on Receivables and Payables APB Opinion 21, August 1971 “Interest on Receivables and Payables” Note exchanged for cash 1. Present value of the note
Tag: ASC 835
Capitalization of interest SFAS 34, October 1979 “Capitalization of Interest” Qualifying assets for interest capitalization 1. Assets that are constructed or produced –> for the
Interest related topics 835-20: Capitalization of interest For certain qualifying assets, interest costs are capitalized –> and included in determining the acquisition cost of asset