Question: When applying International Financial Reporting Standards, what is the immediate effect on a lessee's debt-to-equity ratio of leasing an asset long-term? The debt-to-equity ratio is:

When applying International Financial Reporting Standards, what is the immediate effect on a lessee's debt-to-equity ratio of leasing an asset long-term? The debt-to-equity ratio is:

Group of answer choices

higher.

lower.

unchanged.

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