Status of Statement No. 62

Capitalization of Interest Cost in Situations Involving Certain Tax-Exempt Borrowings and Certain Gifts and Grants—an amendment of FASB Statement No. 34

Status

Issued: 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