{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/850/10/#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":"850","topic_title":"Related Party Disclosures","subtopic":"850-10","subtopic_title":"Overall","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Investments—Equity Method and Joint Ventures","paragraphs":[{"citation":"850-10-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC3519FA-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on </span></span><span class=\"sfragment\" id=\"sfr_EC351B79-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">disclosures applicable to the equity method of accounting for investments in common stock, see paragraph <a href=\"/asc/323/10/#323-10-50-3\" class=\"xref\">323-10-50-3</a>. </span></span></div></div>","snippet":"For guidance on disclosures applicable to the equity method of accounting for investments in common stock, see paragraph 323-10-50-3.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ea9a56dd208a8109ccd2ac877d69983eb692188ac568bfb0f34983a017cabe5","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44b5ffb22472ba659de1a939cd5ecb94e1aef85ed12badf5b8aa271a8e51653d","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Guarantees","paragraphs":[{"citation":"850-10-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC351CA0-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on disclosures incremental to those required by this Topic for certain guarantees issued to benefit <a href=\"/glossary/r/#related-parties\" class=\"term\" title=\"Related parties include: Affiliates of the entity Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825-10-15, to be accounted for by the equity method by the investing entity Trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management Principal owners of the entity and members of their immediate families Management of the entity and members of their immediate families Other parties with which the entity may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.\"><span>related parties</span></a>, see paragraph <a href=\"/asc/460/10/#460-10-50-6\" class=\"xref\">460-10-50-6</a>. </span></span></div></div>","snippet":"For guidance on disclosures incremental to those required by this Topic for certain guarantees issued to benefit related parties, see paragraph 460-10-50-6.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a3721a596a81fa451de3ff7049ebb798e0a548aee99fcf14105840f7f5fbb477","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f1b1e2f42a3bc6a89a05fc1eb0e007fb4c92dbe7a9e845514fa759911425b78","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Debt","paragraphs":[{"citation":"850-10-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC351D8F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on debt extinguishment transactions between related entities that may be in essence capital transactions, see paragraph <a href=\"/asc/470/50/#470-50-40-2\" class=\"xref\">470-50-40-2</a>. </span></span></div></div>","snippet":"For guidance on debt extinguishment transactions between related entities that may be in essence capital transactions, see paragraph 470-50-40-2.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d9a19534cf51d63aeb668e1b10aae25b0223c8daed6ff08c48daee2d24f0117","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d0b98b39b2d1489567f8e87926979da9e33491b753eb3b7c867f399e8243d25","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Equity","paragraphs":[{"citation":"850-10-60-4","para":"60-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC351ED0-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on the presentation of notes received for a sale of the reporting entity's capital stock or a contribution to capital, see Section <a altsource=\"GUID-AB25D349-B5C7-4CB0-8855-F307E662B55C.ditamap\" class=\"ditamap\">505-10-45</a>. </span></span></div></div>","snippet":"For guidance on the presentation of notes received for a sale of the reporting entity's capital stock or a contribution to capital, see Section 505-10-45.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59e56414c397c1a71c1c7291f38f336377d2b15cf27b9d8de6250453cb058858","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bfa910f7a4d095760308d04e3c42df4f9c4e9125bb4b5c2411a0c697bc53c83","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Business Combinations","paragraphs":[{"citation":"850-10-60-4A","para":"60-4A","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on disclosures applicable to certain transactions between entities under common control, see Section <a altsource=\"GUID-5ECC80C4-EB91-48F3-82FB-69C853E3D184.ditamap\" class=\"ditamap\">805-50-50</a>.</div></div>","snippet":"For guidance on disclosures applicable to certain transactions between entities under common control, see Section 805-50-50.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5847157041b7f713371b4f9807df17b6d01935741b22d0f2b4917b331b358a5","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a70e146ca0c60c23d90aea4da0d2227b8ba78a31276dcf9ab9aeff6f55177867","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Consolidation","paragraphs":[{"citation":"850-10-60-5","para":"60-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC351FBD-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on recognition by disclosure or otherwise to the effect of intervening events that materially affect the financial position or results of operations when a parent uses, for consolidation purposes, the financial statements of a subsidiary that are as of a fiscal close different from the parent, see paragraph <a href=\"/asc/810/10/#810-10-45-12\" class=\"xref\">810-10-45-12</a>. </span></span></div></div>","snippet":"For guidance on recognition by disclosure or otherwise to the effect of intervening events that materially affect the financial position or results of operations when a parent uses, for consolidation purposes, the financ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f23667904bca35bc1c9de0b80cc039f361d946b1f346daea1508f4f10f538f37","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"citation":"850-10-60-6","para":"60-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC3520BE-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on disclosure of the consolidation policy in consolidated statements, see paragraph <a href=\"/asc/810/10/#810-10-50-1\" class=\"xref\">810-10-50-1</a>. </span></span></div></div>","snippet":"For guidance on disclosure of the consolidation policy in consolidated statements, see paragraph 810-10-50-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b12fd3c36f019ecf3a9501ea7332da1c366e5ebbe18567d21ac6749463914eca","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6a6122f6bd68ada09ab1a8abb1a3d26538473e6248511ea12bfa9e94d643d93b","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Related Party","paragraphs":[{"citation":"850-10-60-7","para":"60-7","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Related Party Disclosures Topic is limited to disclosures. The accounting for certain related party transactions is specified in other Topics.</div></div>","snippet":"The Related Party Disclosures Topic is limited to disclosures. The accounting for certain related party transactions is specified in other Topics.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd7012fac35f4c0d607adba2fa7cb2ea9fe7e98008affaa1754bb4f1b55748fd","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:467a9feb8d11498fec5cb6612fd7d5d27de25493a8053cea82bc103943a26a4a","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Franchisors","paragraphs":[{"citation":"850-10-60-8","para":"60-8","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC35221F-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on franchisors disclosing certain information about franchisor-owned outlets, see paragraphs <a href=\"/asc/952/10/#952-10-50-1\" class=\"xref\">952-10-50-1</a> and <a href=\"/asc/952/10/#952-10-45-1\" class=\"xref\">952-10-45-1</a>. </span></span></div></div>","snippet":"For guidance on franchisors disclosing certain information about franchisor-owned outlets, see paragraphs 952-10-50-1 and 952-10-45-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:daa5903bd9f23aeb3182f04030c62452443098a90b00dc72f25aea9e70b79e52","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e045c36c9ed9299f895313e2fa42c8671d25c352fbbd3ab5c631d5d16dba5d1","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}},{"block":null,"heading":"Limited Liability Entities","paragraphs":[{"citation":"850-10-60-9","para":"60-9","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_EC352379-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on a limited liability company's presentation of amounts due from members for capital contributions as deductions from members' equity, see paragraph <a href=\"/asc/272/10/#272-10-45-5\" class=\"xref\">272-10-45-5</a>. </span></span></div></div>","snippet":"For guidance on a limited liability company's presentation of amounts due from members for capital contributions as deductions from members' equity, see paragraph 272-10-45-5.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a86c2f7ca61414d596741a364924de525a943211cfb7bec71d3422d9d382900","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:819d4d5b09256eafc256324b4e0a0cb34e950a640a8537d6168e30bdd7aa21a3","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483401","source_sha256":"dabb03a3107bc198dbf4cda3d6ca014e0cdf32cfed5b6f6ea7d75f54c504a788"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fdaa06db11bd84c581798426ca13e24964ada08bb2d7fcb53d4d247447c04e78","downloaded_from":"2026-09-10T02:02:32.310Z","last_downloaded_at":"2026-09-10T02:02:32.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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