If a lease meets any of the FASB Standards No. 13 criteria, it should be shown as a capitalized lease, meaning the present value of all its payments should be included as an asset and corresponding liability on a firm's balance sheet.

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FASB Standard No. 13, which pertains to accounting for leases, requires that leases meeting certain criteria be recorded as capitalized leases, with the present value of all payments included as both an asset and corresponding liability on a company's balance sheet.

If a Lease Meets Any of the FASB Standards No