FASB Issues ASU on the Presentation of Debt Issue Costs
According to a release from Hein & Associates, on April 7, 2015, the Financial Accounting & Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. Entities that have historically presented debt issuance costs as an asset, related to a recognized debt liability, will be required to present those costs as a direct deduction from the carrying amount of that ...

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