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- Lease Accounting
- Understanding ASC 842 and IFRS 16
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Lease Administration
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Lease Accounting
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Broker Deals CRM
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Monthly Release Notes
What is the Income Statement Impact of ASC 842?
A lessee shall present on the income statement the following, based on lease classification:
Lease Type |
Statement of Comprehensive Income |
Finance Lease |
|
Operating Lease |
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Accounting Guidance Referenced:
- ASC 842-20-45-4