Question
Companies frequently acquire assets through lease financing. U.S. GAAP has explicit standards on proper accounting of leases. What is a lease? Discuss the determinants of
Companies frequently acquire assets through lease financing. U.S. GAAP has explicit standards on proper accounting of leases. What is a lease? Discuss the determinants of classifying a lease as a capital or operating lease. Some companies manipulate a leasing agreement in such a manner so that the lease is classified as operating. Why would a company do so? Would IFRS adoption prevent this type of manipulation from occurring?
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Cost And Management Accounting An Introduction
Authors: Colin Drury
5th Edition
1861529058, 978-1861529053
