Determine the specific citation for each of the following items. Please enter only the ASC number and
Fantastic news! We've Found the answer you've been seeking!
Question:
Determine the specific citation for each of the following items. Please enter only the ASC number and label your answers by requirement #. Your answers to questions two through four should have four numbers (e.g., 111-22-33-44) and only four numbers.
- The definition of a “bargain purchase option” in the context of a lease. Your answer to this question should have only three numbers (e.g., 111-22-33).
- The calculation of the lessor’s gross investment in a sales-type lease.
- The disclosures required for a lessee in the notes to the financial statements for an operating lease.
- The additional disclosures are required in the notes to the financial statements with respect to operating leases for lessors with a substantial portion of their business activities taking the form of leases.
Posted Date: