Why do you suppose that managers desire to keep debt off the balance sheet even when they
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Why do you suppose that managers desire to keep debt off the balance sheet even when they know that the obligation will be fully disclosed in the footnotes? Do you feel that it is ethical to choose to lease an asset rather than to purchase the asset if the only reason for the accounting policy choice is to avoid the balance sheet recognition of the lease obligation?
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Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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