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In 2 0 1 8 , Snack That launched a corporate initiative to free up cash to fund a new snack product line. As a
In Snack That launched a corporate initiative to free up cash to fund a new snack product
line. As a result, on July Snack That entered into a saleandleaseback arrangement with
Rent That Inc. Rent That" for both its corporate housing facility and its shuttle. Assume the
agreement meets the definition of a contract under ASC through and that
certain of the indicators related to the transfer of control of a pointintime performance
obligation ie the housing facility and the shuttle being transferred from Snack That to Rent
That in ASC have been met. Further assume that the inception of the contract and
the commencement of the lease are both on July Note that the Company adopted ASC
prior to July
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