For the next set of questions, answer each question using the FASB Codification and cite your source down to the paragraphs. Respond using complete sentences.

19. Within the Codification, navigate to the revised lease accounting standard.

a. what paragraph within that topic provides transition guidance for this new topic? Also, in what period does this guidance first apply to a private company with a calendar year-end?

b. Why does all of the content within this topic appear in boxes, as pending content? Explain