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Tag: ASC 842

Leased office space with retail options

SEC Exercises Patience in Enforcing New Lease Accounting Standard

Leased office space with retail options

Parents have an instinctive sense of which household rules to enforce ruthlessly (“don’t lie” comes to mind), and which to be more lenient with (curfews, maybe). As it turns out, the same can be said of the Securities and Exchange Commissio...

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Empty mall interior owned by Duke Realty in black and white

FASB Gives Issuers a Break on Tough Lease-Accounting Questions

Empty mall interior owned by Duke Realty in black and white

As the pandemic keeps brick-and-mortar businesses shuttered across the country, landlords are giving concessions to retailers, restaurants and offices that have been closed through no fault of their own. That’s welcome news for tenants. But...

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