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Lease Accounting

NAR Signs Onto Lease Coalition Letter

A coalition of real estate and other business organizations (including NAR) wrote to the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) reaffirming their calls for an economic impact study, extensive field testing, and full re-exposure of the entire lease accounting proposal — with the goal of creating a standard that will meet the tests of the marketplace and fulfill the needs of all stakeholders.

Potential rule changes may affect how lease contracts are treated for accounting purposes, and hurt owners of commercial property.

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