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Lease Accounting Changes Hit Corporate Bottom Lines

Liabilities, Higher Occupancy Costs on Balance Sheets Prompt Firms to Own Land or Shorten Terms
Lease accounting changes are causing companies to make real estate changes, including the owner of Great America amusement park in Santa Clara, California. Photo: Runner 1928 via WikiCommons
Lease accounting changes are causing companies to make real estate changes, including the owner of Great America amusement park in Santa Clara, California. Photo: Runner 1928 via WikiCommons
CoStar News
April 17, 2019 | 10:00 P.M.

Cedar Fair Entertainment Co. agreed to buy the land under its Great America amusement park in Santa Clara, California, for $150 million not only to get control of the 112 acres. It's also coping with a $3 trillion accounting rules change rippling across corporate America.

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News | Lease Accounting Changes Hit Corporate Bottom Lines