ASC 842 Adoption Leads to Sharp Increases in Reported Lease Liabilities on Balance Sheets

by | Feb 24, 2020 | Curated Content

balance sheet
Balance sheets across numerous industries showed large increases in lease liabilities due to ASC 842 adoption. Financial institutions saw the greatest increase across average lease liability. Companies continue to report that adoption and implementation of the new regulation took longer than anticipated, particularly in later stages of the transition.  Read the rest of the article on Accounting Today.

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