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 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). Going forward there will be a long-term asset offset by a current liability and a long-term liability. Greg Ragsdale. Wed, 06/01/2022 - 12:48.
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