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Assume the debt to equity ratio is $1 000 000 / $3 000 000 at 30 June 2022, before taking the lease into account. Compute
- Assume the debt to equity ratio is $1 000 000 / $3 000 000 at 30 June 2022, before taking the lease into account. Compute the effect of the lease on the debt to equity ratio based a) on the journals of the previous CFO and b) based on your correct lease journals. Explain why top management may be unhappy about the way you are accounting for the lease contract.(10 marks)
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IT Auditing An Adaptive Process
Authors: Robert E. Davis
1st Edition
0557220513, 978-0557220519
