Status of Statement No. 27

Classification of Renewals or Extensions of Existing Sales-Type or Direct Financing Leases—an amendment of FASB Statement No. 13


Issued: May 1979

Effective Date:
For lease agreement renewals and extensions recorded as of September 1, 1979


Amends FAS 13, paragraphs 6(b)(i), 6(b)(ii), and 17(f)(ii)


Affected by:
No other pronouncements


Other Interpretive Pronouncements:
FTB 79-18
FTB 88-1


Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides