What term does IFRS use for leases that result in the lessee acquiring the use and control

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What term does IFRS use for leases that result in the lessee acquiring the use and control of an asset through obtaining financing from the lessor?

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Nov 24, 2015 05:33 AM

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What term does IFRS use for leases that result in the lessee acquiring the use and control

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IFRS uses the term finance lease instead of capital l...View the full answer

Intermediate Accounting

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