Question
What were the headline changes under the new leasing standards? (check all that apply) Group of answer choices Requiring that finance leases now be recorded
What were the headline changes under the new leasing standards? (check all that apply)
Group of answer choices
Requiring that finance leases now be recorded on the balance sheet
Converging (making the same) the income statement treatment of lease expense for finance and operating leases
Recording the operating lease liability and associated asset on the balance sheet
Requiring operating lease expense be re-categorized into interest and depreciation components
Renaming Capital Lease to Finance Lease
Removing the operating leases from the balance sheet
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