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Huth Thompson LLP

Posts Tagged ‘leases lafayette in’

Accounting Lease Standard Soon to Take Effect

We have been talking (since 2013) about changes to lease accounting standards and now they are here! Approved by the Financial Accounting Standards Board,¬†Accounting Standards Codification Topic 842 (ASC 842) Leases presents dramatic changes to how lease transactions are accounted for in your financial statements. This standard is effective beginning with 2020 calendar year-ends for…

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