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Consider that the key difference in revenue recognition under ASC 605 vs 606 is that ASC...

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Accounting

Consider that the key difference in revenue recognition underASC 605 vs 606 is that ASC 605 focused on transferring risks andrewards, but ASC 606 focuses on transferring control. How is thedifference in control under ASC 840 vs 842 similar or different tothis?

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FASB changed how leases are identified ASC 842 defines a lease asa contract or part of a contract that conveys the right to control the use of identified property plant or equipment an identified    See Answer
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