# ASC 310-10-60: Receivables — Overall — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/310/10/#60-relationships)

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## ASC 310-10-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/310/10/#60-relationships)

SEC content: no

#### Liabilities

##### [310-10-60-1](https://asc.understandingaccounting.org/asc/310/10/#310-10-60-1)

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For receivables related to recovery of insurance-related assessments, see paragraph [405-30-25-8](https://asc.understandingaccounting.org/asc/405/30/#405-30-25-8).

#### Contingencies

##### [310-10-60-2](https://asc.understandingaccounting.org/asc/310/10/#310-10-60-2)

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For accounting guidance for loss contingencies, including guidance on accrual of an estimated loss from a loss contingency, see Subtopic 450-20.

#### Guarantees

##### [310-10-60-3](https://asc.understandingaccounting.org/asc/310/10/#310-10-60-3)

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For guidance related to the accounting by a guarantor at the inception of a guarantee issued, see Topic 460.

##### [310-10-60-4](https://asc.understandingaccounting.org/asc/310/10/#310-10-60-4)

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For guidance on [loan](https://asc.understandingaccounting.org/glossary/l/#loan "A contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include but are not limited to accounts receivable (with terms exceeding one year) and notes receivable.") guarantees, in which an entity (guarantor) lends its creditworthiness to another party (borrower) for a fee, thereby enhancing that other party's ability to borrow funds, see Topic 460 on guarantees. See Topic 815 on derivatives and hedging for guarantees accounted for as a derivative.

#### Transfers and Servicing

##### [310-10-60-5](https://asc.understandingaccounting.org/asc/310/10/#310-10-60-5)

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For guidance on accounting for transfers of financial assets, including receivables, see Subtopic 860-20.

##### [310-10-60-6](https://asc.understandingaccounting.org/asc/310/10/#310-10-60-6)

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For guidance on the accounting for servicing assets and liabilities related to loans and other receivables, see Subtopic 860-50.