{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/450/30/#60-relationships","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"450","topic_title":"Contingencies","subtopic":"450-30","subtopic_title":"Gain Contingencies","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Balance Sheet","paragraphs":[{"citation":"450-30-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A551-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the determination of whether a receivable resulting from the recognition of a <a href=\"/glossary/g/#gain-contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>gain contingency</span></a> may be offset against an existing liability, see Section <a altsource=\"GUID-3855C9FB-56A8-4E2D-B6AF-8012B5941A62.ditamap\" class=\"ditamap\">210-20-45</a>. </span></span> </div> </div>","snippet":"For the determination of whether a receivable resulting from the recognition of a gain contingency may be offset against an existing liability, see Section 210-20-45.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ad3163944be2f20ba02e2ee8393385294e8dc2ab19546ef34b1adff7a06bde1","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:430a2d0d2dc0319d12d848f09cfb43b9915f77655eec30c3a0cf64d3f2ade127","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"block":null,"heading":"Income Statement","paragraphs":[{"citation":"450-30-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A679-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the presentation of business interruption insurance recoveries in the income statement, see Section <a altsource=\"GUID-F7AA5257-1D52-4505-A041-11562996DEEA.ditamap\" class=\"ditamap\">220-30-45</a>. </span></span> </div> </div>","snippet":"For the presentation of business interruption insurance recoveries in the income statement, see Section 220-30-45.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64f00d96212f301d5df5e8bf18e134bc8b8a12bc7fe6b9505947ece706beb326","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"citation":"450-30-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A7B0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For disclosure of information about business interruption insurance recoveries, see Section <a altsource=\"GUID-E4599CEC-8BA1-4030-B801-0652A27B8049.ditamap\" class=\"ditamap\">220-30-50</a>. </span></span> </div> </div>","snippet":"For disclosure of information about business interruption insurance recoveries, see Section 220-30-50.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ad61ca841d5ddcf7c66cdc6172961766e7020ff112ef13d43eea4344e511789","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f36da82f4766faa3d7836e1f3e2998f0684302228c8aff3b415eb97200cb4aee","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"block":null,"heading":"Other Expenses","paragraphs":[{"citation":"450-30-60-4","para":"60-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50A8FA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For recognition of insurance recoveries by an entity insured through a purchased retroactive insurance contract (other than for core insurance operations of an insurance entity), see paragraph <a href=\"/asc/720/20/#720-20-25-3\" class=\"xref\">720-20-25-3</a>. </span></span> </div> </div>","snippet":"For recognition of insurance recoveries by an entity insured through a purchased retroactive insurance contract (other than for core insurance operations of an insurance entity), see paragraph 720-20-25-3.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9424b9672e2923c07052078988d50a7c20f8c27f34ea619357a3d111bc283e1","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51c3e74b31f367c4865a39f58b327227ca118c82364b9e4d6aba5ac32a73fc89","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},{"block":null,"heading":"Leases","paragraphs":[{"citation":"450-30-60-5","para":"60-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_5A50AB3E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For a lessor's accounting for income from <a href=\"/glossary/v/#variable-lease-payments\" class=\"term\" title=\"Payments made by a lessee to a lessor for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.\"><span>variable lease payments</span></a>, see paragraphs <a href=\"/asc/842/30/#842-30-25-2\" class=\"xref\">842-30-25-2</a> (for <a href=\"/glossary/s/#sales-type-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets one or more of the criteria in paragraph 842-10-25-2 and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>sales-type leases</span></a>), <a href=\"/asc/842/30/#842-30-25-9\" class=\"xref\">842-30-25-9</a> (for <a href=\"/glossary/d/#direct-financing-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets none of the criteria in paragraph 842-10-25-2 but meets the criteria in paragraph 842-10-25-3(b)and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>direct financing leases</span></a>), and <a href=\"/asc/842/30/#842-30-25-11\" class=\"xref\">842-30-25-11</a> (for <a href=\"/glossary/o/#operating-lease\" class=\"term\" title=\"From the perspective of a lessee, any lease other than a finance lease. From the perspective of a lessor, any lease other than a sales-type lease or a direct financing lease.\"><span>operating leases</span></a>). </span></span> </div> </div>","snippet":"For a lessor's accounting for income from variable lease payments, see paragraphs 842-30-25-2 (for sales-type leases), 842-30-25-9 (for direct financing leases), and 842-30-25-11 (for operating leases).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a69b834ee73b24f46ad3c33f564e45bbc4bc0489c61e34218607c669c185616","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ab39997ade187224e3cd72090d29d4ea45b74f347ff75c68d81148c80bbdbe4","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d9089c89fa28a796e29c3bdef66ebaae530eaa181aa108aa6ce72c19b458b53","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d9089c89fa28a796e29c3bdef66ebaae530eaa181aa108aa6ce72c19b458b53","downloaded_from":"2026-09-10T00:28:08.097Z","last_downloaded_at":"2026-09-10T00:28:08.097Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483026","source_sha256":"8742bf22c80ca090055864fb419e92621bd6aabf54f93b3e9051878f2df41f74"}}