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FASB issues guidance to address lessor implementation issues

  • FASB document Image

Mar 05, 2019

The FASB has issued an Accounting Standards Update (ASU), “Leases (Topic 842): Codification Improvements.”

The ASU “addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated with adopting the new leases standard.”

For more in­for­ma­tion, see the press release and ASU on the FASB’s Web site.

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