Statements of Position



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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.

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Relational Format



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


Accounting | Taxation


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

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



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