FASB alters accounting for certain leases with variable lease payments

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FASB alters accounting for certain leases with variable lease payments

FASB issued guidance that’s designed to help lessors more faithfully account for the underlying economics of leases that would have been classified as a sales-type lease or a direct financing lease and would have recognized a day-one loss.
Source: JOA News
Read More here – FASB alters accounting for certain leases with variable lease payments