Multiple Choice
Under the provisions of ASU 2016-02,which of the following is not required in a lease modification when the lease payments re required to be remeasured?
A) Any variable lease payments that are based on a rate or index will need to be remeasured.
B) The total lease liability is remeasured
C) The remeasured lease must be subsequently recorded as an operating lease
D) The lessee is generally required to use an updated discount rate.
Correct Answer:
Verified
Correct Answer:
Verified
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