Disclosure Suppose a firm entered into a capital lease, debiting an asset account and crediting a lease

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Disclosure Suppose a firm entered into a capital lease, debiting an asset account and crediting a lease liability account for $150,000. Does this transaction need to be disclosed as part of the statement of cash flows? If so, where?

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Advanced Accounting

ISBN: 12

5th Edition

Authors: Debra C Jeter, Paul K Chaney

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Question Posted: Mar 13, 2015 11:55 AM

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Disclosure Suppose a firm entered into a capital lease, debiting an asset account and crediting a lease

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Disclosure requirements are always section 50 in th...View the full answer

Advanced Accounting

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