Adoption of new gaap for leases


Question: Adoption of new GAAP for leases is expected to have this estimated effect on the financial statements of U.S. companies. Multiple Choice Increase in liabilities and assets of $2 trillion Increase in liabilities and assets of $200 million Increase in liabilities and assets of $2 billion No significant effect on financial statements is expected

 

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Accounting Basics: Adoption of new gaap for leases
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