(a) How does a capital lease for equipment affect the lessees statement of cash flows? (b) How...
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(b) How would the treatment on the statement of cash flows differ if the contract was identified as a purchase of equipment with a down payment and a long-term note payable for the balance?
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a The interest portion of the lease payments is recorded ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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