Under the new ASC 842 standards, companies must report ... “This will place a significant accounting burden on operations that use leases,” says Fallon Savage, senior vice president ...

There are two lease accounting standards that typically apply to deferred rent situations, known as ASC 840 and ASC 842. Under both ASC 840 and ASC 842, total rent expense is recognized on a ...

(1) The Company adopted Financial Accounting Standards Board Accounting Standards Codification ("FASB ASC") 842 "Leases" using the modified retrospective approach as of January 1, 2019. The ...