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Impact of Financial Accounting Standards Board (FASB) Accounting Standards Update ASU 2016-02 Leases
For this assignment you will select a company of your choice or use one (1) of the companies you researched in your weekly discussions to write a six to eight (6-8) page report in which you:
Question 1: Summarize the impact of ASU 2016-02, Leases on the recording of leases.
Question 2: Discuss at least three (3) elements featured in the current information reported by your chosen company for its leases.
Question 3: Analyze the impact of the new standard on the reporting of your chosen company's leases.
Question 4: Compare and contrast the impact that ASU 2016-02, Leases will have on the financial ratios of your chosen company.
Question 5: Determine the impact of the changes to accounting for leases on the recommendations of stock analysts for your chosen company.
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