Question
An operating lease compared to a financial lease will result in: a higher net income in the early years and no difference in net income
An operating lease compared to a financial lease will result in:
| a | higher net income in the early years and no difference in net income in the later years. |
| b | higher net income in the early years and lower net income in the later years. |
| c | lower net income in the early years and higher net income in the later years. |
| d | no difference as the classification of the lease has no effect on net income. |
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Financial Management Principles And Applications
Authors: Sheridan Titman, John Martin
14th Global Edition
1292349824, 978-1292349824
