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Swick984

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Swick984

Re: mwn post# 7798

Wednesday, 02/26/2020 10:28:23 AM

Wednesday, February 26, 2020 10:28:23 AM

Post# of 7895
It’s the change in GAAP to account for leases as both an asset and a liability. Tends to just confuse. Companies now have to report the value of the operating leases on their balance sheet as a liability, as well as an offsetting asset, which in AYSI’s case, they’ve termed a “right of use” asset.
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