ASU 2016-02 changed how leases are to be presented on corporate balance sheets. What new categories are now represented on balance sheets? Operating lease right-of-use assets, current operating lease liabilities, and long-term operating lease liabilities. Long-term operating lease liabilities, other long-term liabilities, and operating lease right-to-use assets. Operating lease right-of-use assets, current operating lease liabilities, and deferred revenue. Current operating lease liabilities, long-term operating lease liabilities, and current assets.
ASU 2016-02 changed how leases are to be presented on corporate balance sheets. What new categories are now represented on balance sheets? Operating lease right-of-use assets, current operating lease liabilities, and long-term operating lease liabilities. Long-term operating lease liabilities, other long-term liabilities, and operating lease right-to-use assets. Operating lease right-of-use assets, current operating lease liabilities, and deferred revenue. Current operating lease liabilities, long-term operating lease liabilities, and current assets.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ASU 2016-02 changed how leases are to be presented on corporate balance sheets . What new categories are now represented on balance sheets?
Operating lease right-of-use assets, current operating lease liabilities, and long-term operating lease liabilities.
Long-term operating lease liabilities, other long-term liabilities, and operating lease right-to-use assets.
Operating lease right-of-use assets, current operating lease liabilities, and deferred revenue.
Current operating lease liabilities, long-term operating lease liabilities, and current assets.
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