Explain how the existence of lease agreements may result in understated plant and equipment.

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Oct 27, 2014 04:57 AM

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Explain how the existence of lease agreements may result in understated plant and equipment.

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Lease agreements are accounted for as either operating leases or cap...View the full answer

Principles of Auditing and Other Assurance Services

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