# ASC 340-40-60: Other Assets and Deferred Costs — Contracts with Customers — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/340/40/#60-relationships)

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## ASC 340-40-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/340/40/#60-relationships)

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#### Revenue from Contracts with Customers

##### [340-40-60-1](https://asc.understandingaccounting.org/asc/340/40/#340-40-60-1)

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For guidance on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), see Topic 606.

#### Financial Services—Insurance

##### [340-40-60-2](https://asc.understandingaccounting.org/asc/340/40/#340-40-60-2)

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For guidance regarding direct response advertising costs, see Subtopic 944-30.