# ASC 718-40-60: Compensation—Stock Compensation — Employee Stock Ownership Plans — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/718/40/#60-relationships)

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## ASC 718-40-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/718/40/#60-relationships)

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#### Compensation—Stock Compensation

##### [718-40-60-1](https://asc.understandingaccounting.org/asc/718/40/#718-40-60-1)

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For guidance on determining the accounting for the effect of income tax factors on [employee stock ownership plans](https://asc.understandingaccounting.org/glossary/e/#employee-stock-ownership-plan "An employee stock ownership plan is an employee benefit plan that is described by the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 as a stock bonus plan, or combination stock bonus and money purchase pension plan, designed to invest primarily in employer stock. Also called an employee share ownership plan."), see paragraphs [718-740-25-6](https://asc.understandingaccounting.org/asc/718/740/#718-740-25-6) and [718-740-45-5](https://asc.understandingaccounting.org/asc/718/740/#718-740-45-5).