Proposed APB opinion : Disclosure of lease commitments by lessees;Disclosure of lease commitments by lessees; Exposure draft (American Institute of Certified Public Accountants), 1973, Jan. 9

Authors

American Institute of Certified Public Accountants. Accounting Principles Board

Files

Description

This draft Opinion provides for separate disclosure of (a) the total lease rentals charged against operations for each period presented; (b) the minimum annual rentals payable in each of the five succeeding years and thereafter by five-year periods for all leases with noncancelable terms of more than one year; and (c) the present value of all leases with noncancelable terms of more than one year, computed on a net basis if reasonably determinable.

Publication Date

1973

Relational Format

Book

Keywords

Leases -- Accounting -- Standards -- United States; Disclosure in accounting

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Recommended Citation

American Institute of Certified Public Accountants. Accounting Principles Board, "Proposed APB opinion : Disclosure of lease commitments by lessees;Disclosure of lease commitments by lessees; Exposure draft (American Institute of Certified Public Accountants), 1973, Jan. 9" (1973). Exposure Drafts, Comment Letters, and Statements of Position. 351.
https://egrove.olemiss.edu/aicpa_sop/351