# ASC 830-10-60: Foreign Currency Matters — Overall — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/830/10/#60-relationships)

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## ASC 830-10-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/830/10/#60-relationships)

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#### Income Taxes

##### [830-10-60-1](https://asc.understandingaccounting.org/asc/830/10/#830-10-60-1)

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For guidance on the tax effects of translation adjustments, see paragraph [740-20-45-11(b)](https://asc.understandingaccounting.org/asc/740/20/#740-20-45-11).

##### [830-10-60-2](https://asc.understandingaccounting.org/asc/830/10/#830-10-60-2)

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For guidance on an increase in the tax basis of assets because of indexing when the local currency is the functional currency, see paragraph [740-10-25-20(g)](https://asc.understandingaccounting.org/asc/740/10/#740-10-25-20).