# ASC 810-958-60: Consolidation — Not-for-Profit Entities — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

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## ASC 810-958-60: 60 Relationships

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#### Investments—Equity Method and Joint Ventures

##### [810-958-60-1](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-1)

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For application of the equity method of accounting for an investment in a for-profit entity and the procedures for applying the equity method, see Subtopic 323-10.

##### [810-958-60-2](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-2)

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For the disclosures that are generally applicable to the equity method of accounting for investments, see Section 323-10-50.

#### Consolidation

##### [810-958-60-3](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-3)

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For a description of a controlling financial interest through direct or indirect ownership of a majority voting interest, see paragraph [810-10-15-8](https://asc.understandingaccounting.org/asc/810/10/#810-10-15-8).

##### [810-958-60-4](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-4)

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For the required disclosure of [consolidation](https://asc.understandingaccounting.org/glossary/c/#consolidation "The presentation of a single set of amounts for an entire reporting entity. Consolidation requires elimination of intra-entity transactions and balances.") policy, see paragraph [810-10-50-1](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-1).

##### [810-958-60-5](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-5)

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For circumstances in which [combined financial statements](https://asc.understandingaccounting.org/glossary/c/#combined-financial-statements "The financial statements of a combined group of commonly controlled entities or commonly managed entities presented as those of a single economic entity. The combined group does not include the parent.") of commonly controlled entities would be useful, see paragraph [810-10-55-1B](https://asc.understandingaccounting.org/asc/810/10/#810-10-55-1B).

##### [810-958-60-6](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-6)

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For procedures for preparing combined financial statements, see paragraph [810-10-45-10](https://asc.understandingaccounting.org/asc/810/10/#810-10-45-10).

##### [810-958-60-7](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-7)

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For parent-entity financial statements, see paragraph [810-10-45-11](https://asc.understandingaccounting.org/asc/810/10/#810-10-45-11).

#### Related Party Disclosures

##### [810-958-60-8](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-8)

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For a definition of a related party and the required disclosures of material related party transactions, see Topic 850.

##### [810-958-60-9](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-9)

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##### [810-958-60-10](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-10)

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##### [810-958-60-11](https://asc.understandingaccounting.org/asc/810/958/#810-958-60-11)

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