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When to account for COVID-19 lease concessions

When to account for COVID-19 lease concessions

Commercial tenants and landlords have spent their year adapting to the challenges of the pandemic. As stores, restaurants, and other commercial venues shuttered, lease terms and conditions had to be renegotiated and some rent payments needed to be deferred. The question remained: how were these concessions supposed to be recorded on a balance sheet? FASB … Continued

The post When to account for COVID-19 lease concessions appeared first on MRI Software.

When to account for COVID-19 lease concessions
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When to account for COVID-19 lease concessions
When to account for COVID-19 lease concessions
When to account for COVID-19 lease concessions
When to account for COVID-19 lease concessions
mrisoftware mrisoftware | 3 years ago
Commercial tenants and landlords have spent their year adapting to the challenges of the pandemic. As stores, restaurants, and other commercial venues shuttered, lease terms and conditions had to be renegotiated and some rent payments needed to be deferred. The question remained: how were these concessions supposed to be recorded on a balance sheet? FASB โ€ฆ Continued The post When to account for COVID-19 lease concessions appeared first on MRI Software.
Commercial tenants and landlords have spent their year adapting to the challenges of the pandemic. As stores, restaurants, and other commercial venues shuttered, lease terms and conditions had to be renegotiated and some rent payments needed to be deferred. The question remained: how were these concessions supposed to be recorded on a balance sheet? FASB โ€ฆ Continued The post When to account for COVID-19 lease concessions appeared first on MRI Software.
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