Question: Explain how the new accounting standard in the case study would trigger the technical default of debt covenants. Your explanation should include an example if

Explain how the new accounting standard in the case study would trigger the technical default of debt covenants. Your explanation should include an example if a transportation company has assets of RM10 million, liabilities of RM6 million, and equity of RM4 million prior to taking up a lease agreement with lease payment of RM3 million

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