Reference no: EM133190006

Required: Analyze this information to determine how to account for each contract in accordance with the new leasing standard. Your answer should include the following:

1. A letter from you to the Auto's CFO, John Smith, that summarizes your findings for each contract (not to exceed one page);

2. Sample journal entries for each contract, which you should refer to in your letter (also not to exceed one page); and

3. Your documented research and notes (no limit on pages). This portion of your submission should (a) demonstrate alternatives and how you chose among them and (b) document authoritative literature and other sources used to arrive at your conclusion.