1. What is a lease? Why do companies use leases? Why are accounting standard setters concerned about...
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1. What is a lease? Why do companies use leases? Why are accounting standard setters concerned about how leases are accounted for in financial reports?
2. What is the criterion for determining the difference between capitals versus an operating lease? Are they the same for the lessee and the lesser? Is it possible for the lessee and the lesser to record the “same” lease at a different amount? Why or why not? How is the amount determined? What is a sale-leaseback? Why would a company use this type of lease?
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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