# ASC 720-958-60: Other Expenses — Not-for-Profit Entities — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

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## ASC 720-958-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/720/958/#60-relationships)

SEC content: no

#### Other Expenses

##### [720-958-60-1](https://asc.understandingaccounting.org/asc/720/958/#720-958-60-1)

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For [activities](https://asc.understandingaccounting.org/glossary/a/#activities "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.") that stimulate a desire to purchase a [not-for-profit entity's](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "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.") (NFP's) products or use its services, see Subtopic 720-35.

#### Income Taxes

##### [720-958-60-2](https://asc.understandingaccounting.org/asc/720/958/#720-958-60-2)

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For accounting for income taxes that apply to the activities of an NFP, see Topic 740.