# ASC 606-10-60: Revenue from Contracts with Customers — Overall — 60 Relationships Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/606/10/#60-relationships) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:73599d342bea59fd282ff817c73c689c29ab7bd99548b4cdc6fa36250533e096 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 606-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/606/10/#60-relationships) SEC content: no #### Costs Related to a Contract with a Customer ##### [606-10-60-1](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:8308a1857cf2a9a4c77a166d0b599f49281c5bb222279a378df2f964cf05cbfe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on the costs related to a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with a [customer](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.") that is within the scope of this Topic, see Subtopic 340-40. #### Revenue Recognition ##### [606-10-60-2](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:052cf682a8f11bcb658fc86ff79ff1ca5dc2dd5f6e626c0dc808ce175e69c81e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing [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.") that are not within scope of this Topic by entities in the agriculture industry, see Subtopic 905-605. ##### [606-10-60-3](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:738938bf95e5eadec504a1970edfc2b2bceaabc679bf01a5067302471c19d928 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing revenue from contracts that are not within scope of this Topic by insurance entities, see Subtopic 944-605. ##### [606-10-60-4](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:c8e76d43a82d2ab00a6e296f5c7012c8b4ff1e14419cadc1ca23bd470572f63b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing revenue from contracts that are not within scope of this Topic by health care entities, see Subtopic 954-605. ##### [606-10-60-5](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:7f86d195f32434b41d561c405de2741ef49aadb75fd4bcc4cb74bad5c7fd16ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing revenue from contracts that are not within scope of this Topic by not-for-profit entities, see Subtopic 958-605. ##### [606-10-60-6](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:85518e31816e19c16af3c789116fdd0eabd48d9c157780842d6fa7ec725c1d26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing revenue and disclosure requirements for contracts that are not within scope of this Topic by entities with regulated operations, see Subtopic 980-605. #### Provision for Losses ##### [606-10-60-7](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:7691b3866735ebc09e11db1a2319f188651d961c7c81d1a08a079660d485e3e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on determining the need for a provision for losses on certain software arrangements, see Subtopic 985-605. ##### [606-10-60-8](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:1d5b4dcaa3f8e484f91b7014590caf306e37c5aa13f94cd8aa7a4ea1aabe8310 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on determining the need for a provision for losses on certain reinsurance **[contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.")**, See Subtopic 944-605. ##### [606-10-60-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:36075461e4b0b0bb7d58c08e2e0e8f713dc7f264c890089c2253748281c349f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on determining the need for a provision for losses for construction-type and production-type contracts, see Subtopic 605-35. ##### [606-10-60-10](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:b2320eb6c70e451637fec38b46fd10bd292f22c057e94f4cd1683792bb706cc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing a loss on separately priced extended warranty and product maintenance contracts, see Subtopic 605-20. ##### [606-10-60-11](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:0183c46f5c5fded9d60ab400b8378f7c095ced11f92b2736e828b19eb9d56f9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on determining whether a liability should be recognized for a continuing care retirement community for its obligation to provide future services and the use of facilities to current residents, see Sections 954-440-25 and 954-440-35. ##### [606-10-60-12](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:837421579d47fab12f33dee41505e8e80a3b7823c466038787b332369c68f5e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on determining when to recognize a loss under prepaid health care services contracts, see paragraph [954-450-30-4](https://asc.understandingaccounting.org/asc/450/954/#450-954-30-4). ##### [606-10-60-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-13) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:4a7c3139b214ebb4aecd2d18d9e44b5e21956ce7aab4462ad3a1df9874a038d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing a loss on long-term power sales contracts, see paragraph [980-350-35-3](https://asc.understandingaccounting.org/asc/350/980/#350-980-35-3). ##### [606-10-60-14](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-14) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:142186e743aae6fca5893ed66e76b2194cb44bd458781271c3d782aea945ad92 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on the presentation of a loss on a termination of a contract for default, see paragraph [912-20-25-4](https://asc.understandingaccounting.org/asc/912/20/#912-20-25-4). #### Interest—Imputation of Interest ##### [606-10-60-15](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-15) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:33af8d8bf4b08527d14b8683890a3c50d57ce369dd96c890ea32b1ea9ad48cc2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on imputation of interest on contracts that are not within scope of Topic 606, see Subtopic 835-30. #### Nonmonetary Transactions ##### [606-10-60-16](https://asc.understandingaccounting.org/asc/606/10/#606-10-60-16) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:17.916Z to 2026-09-09T23:18:17.916Z Record version: sha256:53dd45aa22f30aaa119cbcd0c16997f1092968acfb1da3e6a634d6567e459c40 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on nonmonetary transactions (that is, transactions including noncash consideration) in contracts that are not within scope of this Topic, see Subtopic 845-10.