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Revenue Recognition and Long-Term Leases

Revenue Rec - GeneralBy Revenue RecMay 16, 2017Leave a comment

Accounting standards for long-term leases, which are leases longer than twelve months, are undergoing major changes that affect any organization, which either leases anything (property or non-property) or receives income from leases. It is important for business owners and senior management to understand the changes made by the American Financial Accounting Standards Board (FASB) in…

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