The FASB indicates that reporting in the income statement more appropriately reflects the economics of a(n) lease than separate recognition of interest and amortization expense.

The FASB is an acronym for Financial Accounting Standards Boards whose aims and objectives is to establish and improve Generally Accepted Accounting Principles (GAAP) in USA.

It indicated that reporting a single operating cost in the income statement more appropriately reflects the economics of an operating lease than separate recognition of interest and amortization expense.

The FASB indicates that reporting ______________ in the income statement more appropriately reflects the economics of a(n) ______________ lease than separate recognition of interest and amortization expense.

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The FASB indicates that reporting in the income statement more appropriately reflects the economics of a(n) lease than separate recognition of interest and amortization expense.