{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/958/20/#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":"958","topic_title":"Not-for-Profit Entities","subtopic":"958-20","subtopic_title":"Financially Interrelated Entities","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Investments—Equity Method and Joint Ventures","paragraphs":[{"citation":"958-20-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_2CB32C17-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the procedures required to report an interest in the net assets of a <a href=\"/glossary/r/#recipient-entity\" class=\"term\" title=\"A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.\"><span>recipient entity</span></a> using a method similar to the equity method, see Subtopic <a altsource=\"GUID-364345EC-08A6-4C30-85E5-9C78C181792D.ditamap\" class=\"ditamap\">323-10</a>. </span></span></div></div>","snippet":"For the procedures required to report an interest in the net assets of a recipient entity using a method similar to the equity method, see Subtopic 323-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d486e30526f35523873e6b4b4f064280976f1432e0986a98a61aefd5ecea564","downloaded_from":"2026-09-10T02:21:57.175Z","last_downloaded_at":"2026-09-10T02:21:57.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480860","source_sha256":"7ca18fe889d95a9c8b2ddfe583c1e52e7f0d365fadfdf3882b2dce600238bc59"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:31ac8b4a516fca21d1b1178a9fe3cedf3ddb74d928aa56a7367c4913f323a18b","downloaded_from":"2026-09-10T02:21:57.175Z","last_downloaded_at":"2026-09-10T02:21:57.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480860","source_sha256":"7ca18fe889d95a9c8b2ddfe583c1e52e7f0d365fadfdf3882b2dce600238bc59"}},{"block":null,"heading":"Related Party Disclosures","paragraphs":[{"citation":"958-20-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_2CB32D82-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For a definition of a related party and the required disclosures of material related party transactions, see Topic <a altsource=\"GUID-CD979913-B748-48CB-97C2-E736FE70F245.ditamap\" class=\"ditamap\">850</a>. </span></span></div></div>","snippet":"For a definition of a related party and the required disclosures of material related party transactions, see Topic 850.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c209684083ace90266fdf58e40949baf7d654a42151f5ef0ffca7f7e9890fe3","downloaded_from":"2026-09-10T02:21:57.175Z","last_downloaded_at":"2026-09-10T02:21:57.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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