Question

Under SFAS No. 13, leases that do not meet one of the four criteria for a capital lease are treated as operating leases.
Team Debate:
Team 1: Argue for the capitalization of leases that do not meet any of the SFAS No. 13 criteria for a capital lease. Your argument should take into consideration the conceptual framework definitions of assets and liabilities.
Team 2: Argue against the capitalization of leases that do not meet any of the SFAS No. 13 criteria for a capital lease. Your argument should take into consideration the matching principle and full disclosure.



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  • CreatedDecember 17, 2014
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