D is corrent. ASC Topic 840 specifies that, in an operating lease, the lesser should recognize rental revenues on a straight-line basis. This means that a lease bonus should be recorded as unearned revenue and recognized as rental revenue over the life of the lease.
A is incorrect. ASC Topic 840 specifies that, in an operating lease, the lesser should recognize rental revenues on a straight-line basis. This means that a lease bonus should be recorded as unearned revenue and recognized as rental revenue over the life of the lease.
A is incorrect. ASC Topic 840 specifies that, in an operating lease, the lesser should recognize rental revenues on a straight-line basis. This means that a lease bonus should be recorded as unearned revenue and recognized as rental revenue over the life of the lease.
A is incorrect. ASC Topic 840 specifies that, in an operating lease, the lesser should recognize rental revenues on a straight-line basis. This means that a lease bonus should be recorded as unearned revenue and recognized as rental revenue over the life of the lease.
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