A capital (or finance) lease and operating lease are recorded differently on the balance sheet, but their

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“A capital (or finance) lease and operating lease are recorded differently on the balance sheet, but their effect on the income statement is the same.” Do you agree? Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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