{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/910/10/#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":"910","topic_title":"Contractors—Construction","subtopic":"910-10","subtopic_title":"Overall","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Revenue Recognition","paragraphs":[{"citation":"910-10-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on accounting for <a href=\"/glossary/r/#revenue\" class=\"term\" title=\"Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.\"><span>revenue</span></a> recognition of construction-type <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contracts</span></a>, see Topic <a altsource=\"GUID-90450890-CA59-4C9A-A88C-D53D3DE3192F.ditamap\" class=\"ditamap\">606</a>.</div></div>","snippet":"For guidance on accounting for revenue recognition of construction-type contracts, see Topic 606.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb7f78b78ab198c0a2a2ced4d3abbe835f1ceb1bc392e20bd8c7e291ae114cc1","downloaded_from":"2026-09-10T02:09:27.021Z","last_downloaded_at":"2026-09-10T02:09:27.021Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482521","source_sha256":"feda966c64b003d061ae534bd27d8463862f2728c60b5aba11e0c7d96bd02234"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2938a7b519b189c98a5eb23e502c802b78f8acffb53a9fa158b4f8e0708806a5","downloaded_from":"2026-09-10T02:09:27.021Z","last_downloaded_at":"2026-09-10T02:09:27.021Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482521","source_sha256":"feda966c64b003d061ae534bd27d8463862f2728c60b5aba11e0c7d96bd02234"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3628317144893b31f2078e1af304e29c45e86420cc09896be76afcfb1963632a","downloaded_from":"2026-09-10T02:09:27.021Z","last_downloaded_at":"2026-09-10T02:09:27.021Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482521","source_sha256":"feda966c64b003d061ae534bd27d8463862f2728c60b5aba11e0c7d96bd02234"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3628317144893b31f2078e1af304e29c45e86420cc09896be76afcfb1963632a","downloaded_from":"2026-09-10T02:09:27.021Z","last_downloaded_at":"2026-09-10T02:09:27.021Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482521","source_sha256":"feda966c64b003d061ae534bd27d8463862f2728c60b5aba11e0c7d96bd02234"}}