Skip to main content
Article thumbnail
Location of Repository

paragraphs 35−39

By Loss On A Sublease


1. Should a loss on a sublease not involving the disposal of a segment be recognized and how is it determined? Response 2. The general principle of recognizing losses on transactions and the applicability of that general principle to contracts that are expected to result in a loss are well established. Accordingly, if costs expected to be incurred under an operating sublease (that is, executory costs and either amortization of the leased asset or rental payments on an operating lease, whichever is applicable) exceed anticipated revenue on the operating sublease, a loss should be recognized by the sublessor. Similarly, a loss should be recognized on a direct financing subleas

Topics: FTB79-15–1 FTB79-15
Year: 1979
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.