Is rou model consistent with the iasb

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Problem 1: In lease accounting, the FASB and IASB define a lease relative to a contractual "right of use" (ROU) of an asset. Define ROU. Is this ROU model consistent with the IASB and/or FASB Conceptual frameworks? Explain your answers in one or two paragraph(s).

Reference no: EM132714783

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