Question
Companies debt covenants may require revisions after implementing the new leasing standard because previous standards meant using only note disclosures to determine lease obligations resulting
Companies debt covenants may require revisions after implementing the new leasing standard because
previous standards meant using only note disclosures to determine lease obligations resulting in overstating their numerical impact.
most companies will experience a decrease in the debt to equity ratio as a result of the new standard.
most companies will experience an increase in the interest coverage ratio as a result of the new standard.
the new leasing standard requires a grossing up of assets and liabilities on companies balance sheets.
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Financial Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor
5th Edition
1405888210, 9781405888219
