Access the FASBs Codification Research System at the FASB website (www.fasb.org). Determine the specific seven- or eight-digit
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Access the FASB’s Codification Research System® at the FASB website (www.fasb.org). Determine the specific seven- or eight-digit Codification citation (XXX-XX-XX-X) for accounting for each of the following items:
1. Definition of initial direct costs.
2. When a modification to a contract is reported as a separate contract (that is, separate from the original contract).
3. The disclosures required in the notes to the financial statements for a lessor. 4. The classification criteria for when a lessee classifies a lease as a finance lease and a lessor classifies a lease as a sales-type lease.
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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