{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/958/#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":"720","topic_title":"Other Expenses","subtopic":"720-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Other Expenses","paragraphs":[{"citation":"720-958-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">For <a href=\"/glossary/a/#activities\" class=\"term\" title=\"Activities are efforts to accomplish specific objectives. Some activities include producing and distributing materials. For example, if a not-for-profit entity (NFP) undertakes a mass mailing that includes a letter and a pamphlet, producing and distributing the letter and pamphlet are part of the activity. Other activities may include no materials, such as an annual dinner or a radio commercial.\"><span>activities</span></a> that stimulate a desire to purchase a <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.\"><span>not-for-profit entity's</span></a> (NFP's) products or use its services, see Subtopic <a altsource=\"GUID-3B284602-01F1-41D9-9E56-2A6F7BDBCF52.ditamap\" class=\"ditamap\">720-35</a>.</div></div>","snippet":"For activities that stimulate a desire to purchase a not-for-profit entity's (NFP's) products or use its services, see Subtopic 720-35.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:759e3d6d7bf8a54f541ef2f3d693b55f47a8e956396d81daded6f7485201b856","downloaded_from":"2026-09-10T01:13:24.216Z","last_downloaded_at":"2026-09-10T01:13:24.216Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477677","source_sha256":"f531f07947d76f574bb8d547854ae679a51f6692547fb37759607e552bf1c114"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c0ce7078d82bea1f6a22deb8aefa2c7d8dabf0bb2bc54f3021371da597266dd","downloaded_from":"2026-09-10T01:13:24.216Z","last_downloaded_at":"2026-09-10T01:13:24.216Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477677","source_sha256":"f531f07947d76f574bb8d547854ae679a51f6692547fb37759607e552bf1c114"}},{"block":null,"heading":"Income Taxes","paragraphs":[{"citation":"720-958-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_3E04A26B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For accounting for income taxes that apply to the activities of an NFP, see Topic <a altsource=\"GUID-536ACE12-AE3B-4036-B02C-E0B2A90A3E70.ditamap\" class=\"ditamap\">740</a>. </span></span></div></div>","snippet":"For accounting for income taxes that apply to the activities of an NFP, see Topic 740.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a813af4321928cc483bbb08c59b764e03b82f063c7786b6ea04da20caeb216ee","downloaded_from":"2026-09-10T01:13:24.216Z","last_downloaded_at":"2026-09-10T01:13:24.216Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477677","source_sha256":"f531f07947d76f574bb8d547854ae679a51f6692547fb37759607e552bf1c114"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1e58acbeab62cfcc308ab288debbcf94fb53603096906e590458dba78654f94","downloaded_from":"2026-09-10T01:13:24.216Z","last_downloaded_at":"2026-09-10T01:13:24.216Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477677","source_sha256":"f531f07947d76f574bb8d547854ae679a51f6692547fb37759607e552bf1c114"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4536841695cb95252f473d36b90761c6f83def6b54fed845a44cb7ddfdc33c10","downloaded_from":"2026-09-10T01:13:24.216Z","last_downloaded_at":"2026-09-10T01:13:24.216Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477677","source_sha256":"f531f07947d76f574bb8d547854ae679a51f6692547fb37759607e552bf1c114"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4536841695cb95252f473d36b90761c6f83def6b54fed845a44cb7ddfdc33c10","downloaded_from":"2026-09-10T01:13:24.216Z","last_downloaded_at":"2026-09-10T01:13:24.216Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477677","source_sha256":"f531f07947d76f574bb8d547854ae679a51f6692547fb37759607e552bf1c114"}}