Question
If all of Southwests leases were accounted for as finance leases, then: a. Southwests financial assets at the end of its most recent fiscal year
If all of Southwests leases were accounted for as finance leases, then:
a. Southwests financial assets at the end of its most recent fiscal year would be higher than the amount we would obtain if we used the reported amounts shown on Southwests balance sheet for that same fiscal year.
b. Southwests financial assets at the end of its most recent fiscal year would be lower than the amount we would obtain if we used the reported amounts shown on Southwests balance sheet for that same fiscal year.
c. Southwests financial assets at the end of its most recent fiscal year would be the same as the amount we would obtain if we used the reported amounts shown on Southwests balance sheet for that same fiscal year.
d. This question cannot be answered with the information given to me.
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