Status of Statement No. 58

Capitalization of Interest Cost in Financial Statements That Include Investments Accounted for by the Equity Method—an amendment of FASB Statement No. 34


Issued: April 1982

Effective Date:
For investments made after June 30, 1982, but optional for investments contracted for but not yet made at that date


Amends ARB 51, paragraph 10
Amends APB 18, paragraph 19(m)
Amends APB 20, paragraph 34
Amends FAS 34, paragraphs 9, 10, and 20


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