Such dichotomy of when applied to lease accounting standards is prone to regulatory arbitrage “because small changes in the terms of contracts in the neighborhood threshold values can have large effects on the appearance of financial statements” (Donegan & Sunder, 1989, p. 216). Imhoff and ...
The new accounting standard on accounting for leases, FASB ASC 842, is bringing changes in the way operating leases are recorded. In the past, operating leases only appeared as an expense in financial statements, with future obligations for operating leases not appearing on the company’s bal...
lla llb llc lid l le f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes,"complete Schedule D, Part X. llf 12a Did the ...
The Local Partnership Interest is no longer owned by Registrant; there are no assets or liabilities related to such Local Partnership included in the combined balance sheets of the Local Partnerships as of December 31, 2015 and 2014 in Note 5 to the accompanying financial statements. (3) The...