Asc842 – equity company

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  • December 12, 2019 at 11:22 am #2841558
    Nami
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    If the investor using equity method with 45% share adopt ASC842 US GAAP while the investee use local GAAP , investee with local GAAP has operating lease. How that will impact to the investor company ? Will they need to recognize operating lease on their balance sheet?

    Illinois CPA 02/15

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