Why is the identification of the entity in a lease transaction that enjoys the benefits and incurs

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Why is the identification of the entity in a lease transaction that enjoys the benefits and incurs the risk of the leased asset important in accounting for the lease?

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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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Question Posted: Dec 07, 2011 06:13 AM

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Why is the identification of the entity in a lease transaction that enjoys the benefits and incurs

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The party with the risks and rewards of ownership ...View the full answer

Financial Accounting an introduction to concepts, methods and uses

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