{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/855/10/#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":"855","topic_title":"Subsequent Events","subtopic":"855-10","subtopic_title":"Overall","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Property, Plant, and Equipment","paragraphs":[{"citation":"855-10-60-1","para":"60-1","html":"For guidance on the classification of a long-lived asset to be sold when held-for-sale criteria are met after the balance sheet date but before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25), see paragraph 360-10-45-13. For guidance on accounting and disclosure when an election to change an entity's tax status is approved by the tax authority (or filed, if approval is not necessary) early in Year 2 and before the financial statements for Year 1 are issued or are available to be issued (as discussed in Section 855-10-25), see paragraphs 740-10-25-34, 740-10-50-4, and 740-10-55-48.