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Question 1 of 2
Pre-FASB changes, financial statements were accurately portraying the health of a company’s true financial picture by not including commercial space leases on a company’s balance sheet.CorrectIncorrect
Question 2 of 2
For private companies, subsequent to December 15, 2019, notwithstanding that a tenant does not own the space it leases, nonetheless FASB reporting requirements will require a tenant’s commercial lease to be capital in nature.CorrectIncorrect