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In the News – Qualifying leases no longer require consolidation

$225.00

SKU: CLRas144. Category: .

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Abstract: Certain borrowers that lease assets from related parties may now qualify for an alternative accounting method under Generally Accepted Accounting Principles that doesn’t require consolidation. That’s good news for lenders who often request supplemental schedules to reverse the effects of consolidation to get a clearer picture of financial results. This article lists four conditions that must be met for a borrower to opt out of the consolidation requirement.

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