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A colleague in your accounting policy group came across guidance in Deloittes lease accounting Roadmap publication that describes a concept of functional independence. Your colleague
A colleague in your accounting policy group came across guidance in Deloittes
lease accounting Roadmap publication that describes a concept of functional independence. Your colleague believes
Presto could make the case that its concession stands are not functionally independent of the stadium, noting for
example that Presto cannot independently market its stands to customers unless those customers have a ticket to enter
the stadium. Evaluate the strength of this argument, and describe the
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