The Impact of ASC 842 – The New Lease Standard Is Here
Construction Business Owner
JUNE 1, 2022
It is time for contractors to get serious about the FASB ASU 2016?02 According to ASC 842-10-55-12, these leases “should be classified in accordance with the lease classification criteria applicable to all other leases on the basis of the legally enforceable terms and conditions of the lease.” Greg Ragsdale. Wed, 06/01/2022 - 12:48.
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