Asc842 – equity company

  • Creator
    Topic
  • December 12, 2019 at 11:22 am #2841558
    Nami
    Participant

    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

  • You must be logged in to reply to this topic.