{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/20/#45-other-presentation-matters","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"842","topic_title":"Leases","subtopic":"842-20","subtopic_title":"Lessee","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Statement of Financial Position","paragraphs":[{"citation":"842-20-45-1","para":"45-1","html":"
A lessee shall either present in the statement of financial position or disclose in the notes all of the following:
  1. a
    Finance lease right-of-use assets and operating lease right-of-use assets separately from each other and from other assets
  2. b
    Finance lease liabilities and operating lease liabilities separately from each other and from other liabilities.
Right-of-use assets and lease liabilities shall be subject to the same considerations as other nonfinancial assets and financial liabilities in classifying them as current and noncurrent in classified statements of financial position.
","snippet":"A lessee shall either present in the statement of financial position or disclose in the notes all of the following:\n(a) Finance lease right-of-use assets and operating lease right-of-use assets separately from each other…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14e85278918a72aa2f838e4c3d0c3ec5dd1931dcfc73fbe1cf7141dd05c2ab9e","downloaded_from":"2026-09-10T01:56:51.193Z","last_downloaded_at":"2026-09-10T01:56:51.193Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479041","source_sha256":"97b49d3a8d2fa20c73e35f088ae8e6a1dfeba852de187628983d0d5d540a7273"}},{"citation":"842-20-45-2","para":"45-2","html":"
If a lessee does not present finance lease and operating lease right-of-use assets and lease liabilities separately in the statement of financial position, the lessee shall disclose which line items in the statement of financial position include those right-of-use assets and lease liabilities.
","snippet":"If a lessee does not present finance lease and operating lease right-of-use assets and lease liabilities separately in the statement of financial position, the lessee shall disclose which line items in the statement of f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:908841b1eee360e8fcdf88f330a6ba07678fb10826146121c8eaf1ca7c442d5e","downloaded_from":"2026-09-10T01:56:51.193Z","last_downloaded_at":"2026-09-10T01:56:51.193Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479041","source_sha256":"97b49d3a8d2fa20c73e35f088ae8e6a1dfeba852de187628983d0d5d540a7273"}},{"citation":"842-20-45-3","para":"45-3","html":"
In the statement of financial position, a lessee is prohibited from presenting both of the following:
  1. a
    Finance lease right-of-use assets in the same line item as operating lease right-of-use assets
  2. b
    Finance lease liabilities in the same line item as operating lease liabilities.
","snippet":"In the statement of financial position, a lessee is prohibited from presenting both of the following:\n(a) Finance lease right-of-use assets in the same line item as operating lease right-of-use assets\n(b) Finance lease l…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9094e7b80d6796f932d02c0507358823609271ca698e5056052f72a6f8f08dab","downloaded_from":"2026-09-10T01:56:51.193Z","last_downloaded_at":"2026-09-10T01:56:51.193Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479041","source_sha256":"97b49d3a8d2fa20c73e35f088ae8e6a1dfeba852de187628983d0d5d540a7273"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fc9aaa18513c7e9a397356465abfaac15db445011828a6d8c1c576dcd8fdf43","downloaded_from":"2026-09-10T01:56:51.193Z","last_downloaded_at":"2026-09-10T01:56:51.193Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479041","source_sha256":"97b49d3a8d2fa20c73e35f088ae8e6a1dfeba852de187628983d0d5d540a7273"}},{"block":null,"heading":"Statement of Comprehensive Income","paragraphs":[{"citation":"842-20-45-4","para":"45-4","html":"
In the statement of comprehensive income, a lessee shall present both of the following:
  1. a
    For finance leases, the interest expense on the lease liability and amortization of the right-of-use asset are not required to be presented as separate line items and shall be presented in a manner consistent with how the entity presents other interest expense and depreciation or amortization of similar assets, respectively
  2. b
    For operating leases, lease expense shall be included in the lessee's income from continuing operations.
","snippet":"In the statement of comprehensive income, a lessee shall present both of the following:\n(a) For finance leases, the interest expense on the lease liability and amortization of the right-of-use asset are not required to b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:462979491902f5ac543e3853cf8333e110ca27479d8888225eb4d590a5ab8c97","downloaded_from":"2026-09-10T01:56:51.193Z","last_downloaded_at":"2026-09-10T01:56:51.193Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479041","source_sha256":"97b49d3a8d2fa20c73e35f088ae8e6a1dfeba852de187628983d0d5d540a7273"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5239dcebf70c76ebf2bd833291d1eb3d439403365fdb6cba6fa3bc558c270a2d","downloaded_from":"2026-09-10T01:56:51.193Z","last_downloaded_at":"2026-09-10T01:56:51.193Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479041","source_sha256":"97b49d3a8d2fa20c73e35f088ae8e6a1dfeba852de187628983d0d5d540a7273"}},{"block":null,"heading":"Statement of Cash Flows","paragraphs":[{"citation":"842-20-45-5","para":"45-5","html":"
In the statement of cash flows, a lessee shall classify all of the following:
  1. a
    Repayments of the principal portion of the lease liability arising from finance leases within financing activities
  2. b
    Interest on the lease liability arising from finance leases in accordance with the requirements relating to interest paid in Topic 230 on cash flows
  3. c
    Payments arising from operating leases within operating activities, except to the extent that those payments represent costs to bring another asset to the condition and location necessary for its intended use, which should be classified within investing activities
  4. d
    Variable lease payments and short-term lease payments not included in the lease liability within operating activities.
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