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How leases and installment are notes the same? How do they differ? Could a finance (capital) lease under IFRS be classified as an operating lease

  • How leases and installment are notes the same? How do they differ?
  • Could a finance (capital) lease under IFRS be classified as an operating lease under U.S. GAAP? Explain.
  • Describe the primary differences between IFRS and U.S. GAAP in the way leases are classified as either operating or finance (capital) leases.

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