The accounting industry has been wrestling with changing the rules regarding operating and capital leases. At one
Fantastic news! We've Found the answer you've been seeking!
Question:
The accounting industry has been wrestling with changing the rules regarding operating and capital leases. At one point it appeared that they were going to eliminate operating leases and treat all leases as capital leases. Before 1976 many companies did not record capital leases. Accordingly, is the accounting for capital leases misleading in that a leased asset is recorded as an asset when the company does not actually own the asset?
Related Book For
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
Posted Date: