Question: How does a firm leverage its capital structure? When is leverage advantageous? When is it disadvantageous? Who receives the advantage or bears the disadvantage of

How does a firm leverage its capital structure? When is leverage advantageous? When is it disadvantageous? Who receives the advantage or bears the disadvantage of leverage? Describe how recent rule changes will require leases to be accounted for beginning in 2019. How do the old lease accounting rules differ from the new lease accounting rules? How do the new lease accounting rules impact leverage?

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