Question
Which of the following is NOT a potential consequence of the FASBs Accounting Standards Updates for Leases? a. Income tax expense does not fluctuate after
Which of the following is NOT a potential consequence of the FASBs Accounting Standards Updates for Leases?
| a. | Income tax expense does not fluctuate after adopting the new standards. | |
| b. | Retained earnings of some companies will be altered. | |
| c. | Leases entered into before the update will be added to balance sheets. | |
| d. | Debt covenants of some companies will be violated. |
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Financial Crime Investigation And Control
Authors: K. H. Spencer Pickett, Jennifer M. Pickett
1st Edition
0471203351, 9780471203353
