Examlex
Which one of the following trends does not play a role in the quality aspects of operations?
GASB Statement No. 87
A statement issued by the Governmental Accounting Standards Board establishing guidelines for reporting lease transactions in governmental financial statements.
Financing Leases
Long-term lease agreements where the lessee assumes many of the economic risks and rewards of ownership.
Lease Liability
A financial obligation representing future lease payments owed by a lessee under a lease agreement.
Introductory Section
The initial part of a financial report or document that outlines its scope, purpose, and structure.
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