Statement of Financial Accounting Standards No. 13
FAS13 Status Page FAS13 Summary

Accounting for Leases

November 1976

Financial Accounting Standards Board of the Financial Accounting Foundation 401 MERRITT 7, P.O. BOX 5116, NORWALK, CONNECTICUT 06856-5116

Copyright © 1976 by Financial Accounting Standards Board. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Financial Accounting Standards Board.

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Statement of Financial Accounting Standards No. 13 Accounting for Leases May 1980 CONTENTS Paragraph Numbers Introduction ................................................................................................................ 1– 4 Standards of Financial Accounting and Reporting: Definitions of Terms .................................................................................................. 5 Classification of Leases for Purposes of This Statement ........................................... 6 Criteria for Classifying Leases (Other Than Leveraged Leases).......................... 7– 9 Accounting and Reporting by Lessees .............................................................. 10– 16 Accounting and Reporting by Lessors............................................................... 17– 23 Leases Involving Real Estate............................................................................. 24– 28 Leases Between Related Parties ........................................................................ 29– 31 Sale-Leaseback Transactions............................................................................. 32– 34 Accounting and Reporting for Subleases and Similar Transactions ................. 35– 40 Accounting and Reporting