Distinguishing between a rental and a financed purchase is difficult in practice. Initially the FASB instituted bright
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Distinguishing between a rental and a financed purchase is difficult in practice. Initially the FASB instituted bright line tests which firms then used to structure leases to get the accounting they wanted. Now the FASB says all leases are financed purchases. In either case we likely have errors - discuss.
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Operations Management Creating Value Along the Supply Chain
ISBN: 978-1118301173
1st Canadian Edition
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi
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