How is a finance lease similar to a long-term loan from a bank? How is it different?

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Accounting Introduction To Financial Accounting

ISBN: 9781517089719

1st Edition

Authors: Henry Dauderis, David Annand

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Question Posted: Apr 26, 2016 09:39 AM

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How is a finance lease similar to a long-term loan from a bank? How is it different?

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A loan and a finance lease are both longterm debt instruments They are repaid with blended p...View the full answer

Accounting Introduction To Financial Accounting

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