Recognizing the rights and obligations under all executory contracts (for example. leases, purchase commitments, employment contracts) would

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Recognizing the rights and obligations under all executory contracts (for example. leases, purchase commitments, employment contracts) would eliminate a major means of off-balance-sheet financing.” How might such an action confuse and possibly mislead financial statement users?


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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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