# ASC 712-10-60: Compensation—Nonretirement Postemployment Benefits — Overall — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/712/10/#60-relationships)

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## ASC 712-10-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/712/10/#60-relationships)

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#### Business Combinations

##### [712-10-60-1](https://asc.understandingaccounting.org/asc/712/10/#712-10-60-1)

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For guidance on recognition of liabilities for contractual [termination benefits](https://asc.understandingaccounting.org/glossary/t/#termination-benefits "Benefits provided by an employer to employees in connection with their termination of employment. They may be either special termination benefits offered only for a short period of time or contractual benefits required by the terms of a plan only if a specified event, such as a plant closing, occurs.") or changing benefit plan assumptions in anticipation of a business combination, see Subtopic 805-20.

#### Consolidation

##### [712-10-60-2](https://asc.understandingaccounting.org/asc/712/10/#712-10-60-2)

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For guidance prohibiting the consolidation of an employee benefit plan subject to the provisions of this Subtopic, see paragraph [810-10-15-12(a)](https://asc.understandingaccounting.org/asc/810/10/#810-10-15-12).