• one of this week’s topics covered the accounting for leases on the consolidated financial statements. In 200 words or more, discuss the issues that relate to the accounting for operating and capital leases. In your posting, please articulate issues that the accountant faces in recording such transactions and how they should be recorded on the financial statements of the company.

  
  

Answer rating: 100% (QA)

In accounting the distinction between operating and capital finance leases plays a crucial role in how these arrangements are recorded and reported on ... View the full answer