Write a research paper on the evolution of financial standards related to the topic, evaluate the pros and cons of the adopted financial standard, discuss related research on the issue and, where possible, propose alternatives that could be explored in the future. 

MINIMUM 3 PAGES!

Link to help with the paper:

1. https://leasequery.com/blog/asc-840-vs-asc-842-old-lease-accounting-standard-vs-new/#:~:text=ASC%20840%2C%20Leases%2C%20is%20the,companies%20that%20follow%20US%20GAAP%20.&text=Capital%20lease%20classification%20resulted%20in,not%20impact%20the%20balance%20sheet

2. https://www.accountingtoday.com/opinion/separating-old-from-new-in-the-leases-standard-for-lessees

3. https://www.gaapdynamics.com/insights/blog/2016/08/16/top-5-biggest-changes-with-the-new-lease-accounting-standard-(asc-842)/