(a)Why could the new accounting standard trigger debt covenants, that is, create a technical default? (b)Do you...
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Question:
(a)Why could the new accounting standard trigger debt covenants, that is, create a technical default?
(b)Do you think the likelihood that this new accounting standard will be released would already be influencing lease companies?
(c)Do you think debt holders would prefer that more leases be recognised and disclosed on the balance sheet, or be kept off balance sheet?
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