by paulagooch | Dec 9, 2022 | Silver Advantage Alerts, Steindler
By Harry A. Steindler, CPA – Partner What is ASC 842? – Summary ASC 842, the new standard for U.S. generally accepted accounting principles (U.S. GAAP) lease accounting, requires all leases longer than 12 months to be recorded as assets and liabilities on a company’s...