Explain why off-balance-sheet-financing techniques are used by companies to keep debt off the books. In particular, how
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Explain why off-balance-sheet-financing techniques are used by companies to keep debt off the books. In particular, how do the accounting rules for lease transactions create the potential for off-balance-sheet financing? If a company treats a lease as an off-balance-sheet debt, what steps should it take to ensure that the financial results present fairly financial position with respect to this transaction?
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Ethical Obligations And Decision Making In Accounting Text And Cases
ISBN: 9780078025280
2nd Edition
Authors: Steven Mintz, Roselyn Morris
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