FROM THE DESK OF
INTRINSIC’S EXPERTS

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23 May 2023

ASC 842: How Intrinsic Can Help You in Determining an Incremental Borrowing Rate

WHAT IS ASC 842 ASC 842 is a lease accounting standard issued by the Financial Accounting Standards Board that requires companies reporting under U.S. GAAP to capitalize their leases to the balance sheet as a liability with a corresponding asset. This standard was established to increase disclosure and transparency into the leasing obligations of both…

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Paycheck Protection Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $349 billion to the Paycheck Protection Program to keep workers employed during the pandemic and economic downturn. The initiative provides 100% federally guaranteed loans to small businesses that may be forgiven if borrowers maintain their payrolls during the Covid19 crisis.   WHO IS ELIGIBLE? Businesses…

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