Question: An objective of SFAS No 13 is that lessors and

An objective of SFAS No. 13 is that lessors and lessees should account for leases similarly.
Team Debate:
Team 1: Argue that a lessee should be able to account for a lease as operating leases while lessors may treat the same lease as a sales- type lease.
Team 2: Argue that if the lessor accounts for a lease as a sales- type lease, the les-see should similarly account for the lease as a capital lease.

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  • CreatedDecember 17, 2014
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