A P I U A 100% Normal text 11 B Times New... 1: 2 4 5 I3 6 8. The ability to work back and forth between the financial statements and the related notes is an important part of financial analysis. True or false? U.S. GAAP encourages companies to report the of their long-term debt A lease that transfers ownership of the asset to the lessee by the end of the lease term considered a finance lease. True or false? 2. The new FASB standard for measuring and reporting leases requires both finance and operating leases that are longer than to be placed on the balance sheet 3. Capitalizing a lease means to What is the equation to calculate the leverage ratio? 4. 5 How is the times-interest-earned ratio calculated? What does a high times-interest earned ratio indicate? 6. 7 The ability to work back and forth between the financial statements and the related notes is an important part of financial analysis. True or false? U.S. GAAP encourages companies to report the of their long-term debt