# ASC 470-10-60: Debt — Overall — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/470/10/#60-relationships)

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## ASC 470-10-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/470/10/#60-relationships)

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#### Balance Sheet

##### [470-10-60-1](https://asc.understandingaccounting.org/asc/470/10/#470-10-60-1)

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For classification guidance on a liability representing the underfunded status of a single-employer defined benefit postretirement plan, see Subtopic 715-20.

##### [470-10-60-2](https://asc.understandingaccounting.org/asc/470/10/#470-10-60-2)

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[Paragraph superseded by Accounting Standards Update No. 2020-06](https://asc.understandingaccounting.org/updates/asu-2020-06/).

#### Interest

##### [470-10-60-3](https://asc.understandingaccounting.org/asc/470/10/#470-10-60-3)

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For guidance on the appropriate accounting if the face amount of a note does not reasonably represent the present value of the consideration given or received in the exchange, see paragraphs

[835-30-05-2 through 05-3](https://asc.understandingaccounting.org/asc/835/30/#835-30-05-2)

.

#### Leases

##### [470-10-60-4](https://asc.understandingaccounting.org/asc/470/10/#470-10-60-4)

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For guidance on the classification of obligations under [leases](https://asc.understandingaccounting.org/glossary/l/#lease "A contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration."), see paragraphs

[842-20-45-1 through 45-4](https://asc.understandingaccounting.org/asc/842/20/#842-20-45-1)

.