# ASC 810-10-60: Consolidation — Overall — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/10/#60-relationships)

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## ASC 810-10-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/810/10/#60-relationships)

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#### Distinguishing Liabilities from Equity

##### [810-10-60-1](https://asc.understandingaccounting.org/asc/810/10/#810-10-60-1)

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For derivative transactions in [subsidiary](https://asc.understandingaccounting.org/glossary/s/#subsidiary "An entity, including an unincorporated entity such as a partnership or trust, in which another entity, known as its parent, holds a controlling financial interest. (Also, a variable interest entity that is consolidated by a primary beneficiary.)") stock with noncontrolling interest, see paragraphs

[480-10-55-53 through 55-58](https://asc.understandingaccounting.org/asc/480/10/#480-10-55-53)

.

#### Income Taxes

##### [810-10-60-2](https://asc.understandingaccounting.org/asc/810/10/#810-10-60-2)

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For deferred taxes on dividends of foreign operations, see paragraphs

[740-10-25-39 through 25-41](https://asc.understandingaccounting.org/asc/740/10/#740-10-25-39)

.

#### Foreign Currency Matters

##### [810-10-60-3](https://asc.understandingaccounting.org/asc/810/10/#810-10-60-3)

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For the elimination of intra-entity profits with foreign entities, see paragraph [830-30-45-10](https://asc.understandingaccounting.org/asc/830/30/#830-30-45-10).

#### Leases

##### [810-10-60-4](https://asc.understandingaccounting.org/asc/810/10/#810-10-60-4)

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For [leases](https://asc.understandingaccounting.org/glossary/l/#lease "A contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.") sold by a manufacturer to a leasing subsidiary, see paragraph [842-30-45-3](https://asc.understandingaccounting.org/asc/842/30/#842-30-45-3).

#### Transfers and Servicing

##### [810-10-60-5](https://asc.understandingaccounting.org/asc/810/10/#810-10-60-5)

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For transfers of ownership interest in a subsidiary with financial assets, see paragraph [860-10-55-13](https://asc.understandingaccounting.org/asc/860/10/#860-10-55-13).

### Variable Interest Entities

##### [810-10-60-6](https://asc.understandingaccounting.org/asc/810/10/#810-10-60-6)

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[Paragraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/).

##### [810-10-60-7](https://asc.understandingaccounting.org/asc/810/10/#810-10-60-7)

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[Paragraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/).