The overall disclosure objective for lessees in FASB ASC 842 is to provide information that enables users of the financial statements to assess the effects leases have on the amount, timing, and uncertainly of cash flows. As a result, FASB ASC 842 includes a plethora of disclosure requirements These disclosures include qualitative and quantitative information about, among other things, the lease contracts, significant judgments made in applying FASB ASC 842, and amounts recognized in the financial statements. Further, FASB ASC
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ASC 842: Lease disclosures for lessees: checklists and illustrations
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