Capitalization of Interest Cost in Situations Involving Certain Tax-Exempt Borrowings and Certain Gifts and Grants—an amendment of FASB Statement No. 34
StatusIssued:
June 1982
Effective Date:
For tax-exempt borrowing arrangements entered into and gifts or grants received after August 31, 1982
Affects:
Amends FAS 34, paragraphs 10, 13, and 17
Supersedes FTB 81-5
Affected by:
No other pronouncements
AICPA Accounting Standards Executive Committee (AcSEC)
Related Pronouncement:
SOP 97-1
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides