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The Impact of Lease Changes on Government Contractors


Left Brain Professionals

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The Financial Accounting Standards Board (FASB) identified leases as an item of concern on financial statements. Until recently, companies were not required to report most leases on their balance sheet which resulted in “off-balance sheet financing.” The long-term nature of leases and their use as a financing tool meant that companies have long-term commitments (liabilities),…

The post The Impact of Lease Changes on Government Contractors appeared first on Left Brain Professionals Inc.


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