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...................a new standard, which will be completed next year and enacted in 2013, that will require companies to book leases as assets and liabilities on their balance sheets. Currently, American and foreign companies list many leases as footnotes in their financial statements...............
They say it may impact the commercial rental market by $2 trillion.
Quote:
........Companies will record as a liability the cost of rent over the remaining term of the lease and record as an asset their right to use the space.........