What considerations may have motivated the FASB to grant a four-year transitional period in capitalizing pre-1977 leases

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What considerations may have motivated the FASB to grant a four-year transitional period in capitalizing pre-1977 leases meeting the capitalization tests of SFAS No. 13? What other political behavior is evident in the evolution of lease accounting?

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Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1412991698

8th edition

Authors: Harry Wolk, James Dodd, John Rozycki

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Question Posted: Feb 12, 2016 06:31 AM

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What considerations may have motivated the FASB to grant a four-year transitional period in capitalizing pre-1977 leases

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Because of the potential material effect on the balance sheet the fouryear transi...View the full answer

Accounting Theory Conceptual Issues in a Political and Economic Environment

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