Question
Prior to the release of ASC Topic 842, one reason to lease rather than buy was to take advantage of off-balance sheet financing. Now that
Prior to the release of ASC Topic 842, one reason to lease rather than buy was to take advantage of "off-balance sheet financing." Now that GAAP requires lessees to report assets and liabilities for all but very short-term leases, are there still advantages to long-term leases?
In addition, how does the change from ASC 840 to ASC 842 impact the balance sheet, and income statement ?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
