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2. (TCO E) Compare the effects of operating leases as compared to capitalized leases in the first year of a lease on the following items

(TCO E) Compare the effects of operating leases as compared to capitalized leases in thefirst yearof a lease on the following items listed.Explain your answer.

1. Earnings Before Interest and Taxes (EBIT)

2. Net Income

3. Cash flow from Operations

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