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Write a paper providing a detailed synopsis of the new Lease Guidance, ASC 840 AND 842, superseding ASC 840. Pretend you are explaining the new

Write a paper providing a detailed synopsis of the new Lease Guidance, ASC 840 AND 842, superseding ASC 840. Pretend you are explaining the new Lease Standard to a class or at a conference! In other words, YOU be the teacher...

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Discuss ASC 840 AND ASC 842. Include and demonstrate knowledge on how to account for leases from the perspective of both the lessor and lessee.

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