Which of the following was the first accounting standard to address lessor accounting?

Name: Which of the following was the first accounting standard to address lessor accounting?
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Question

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APB Opinion No. 7, issued in 1966, was the first accounting standard to address lessor accounting. It established the criteria for determining whether a lease should be considered a capital lease (now called finance lease) or an operating lease.

Which of the Following Was the First Accounting Standard to Address