Under ASC 842 for lease accounting, which statement below is not accurate with respect to financial reporting?
A. Finance leases show separate amounts for amortization and interest expense.
B. Lease expense is shown in the financing section of the statement of cash flows.
C. Lease expense is shown in the operating section of the statement of cash flows.
D. Operating leases show total lease expenses as a single line item.
Ans: B. Lease expense is shown in the financing section of the statement of cash flows.
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Which of the following is an example of a talking heading?
a. Survey b. Changes to Employee Benefits c. Findings d. Discussion
Leadership passion often reflects itself in the leader
A) playing video games for a diversion. B) disciplining employees who are late for work. C) pursuing external rewards such as stock options. D) having a relentless drive to get work accomplished.