Classification of Renewals or Extensions of Existing Sales-Type or Direct Financing Leases—an amendment of FASB Statement No. 13

Status

Issued: May 1979

Effective Date:

For lease agreement renewals and extensions recorded as of September 1, 1979

 

Affects:

Amends FAS 13, paragraphs 6(b)(i), 6(b)(ii), and 17(f)(ii)

 

Affected by:

No other pronouncements

 

Other Interpretive Pronouncements:

FTB 79-18

FTB 88-1

 

Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides