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Questions: What is the main difference between an operating lease and a capital lease? Why do companies prefer one type to another? What is the
Questions:
- What is the main difference between an operating lease and a capital lease? Why do companies prefer one type to another?
- What is the economic difference between purchasing an asset with debt and leasing an asset?
- What incentives do managers have to increase earnings? Would a manager ever want to decrease earnings? Why?
- What is the difference between an economic effect and a reporting effect? Do reporting effects matter?
- Why would a company prefer to keep leases off the balance sheet?
- What is the difference between floating and fixed GAAP?
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Advanced Financial Accounting
Authors: Clarence Byrd, Ida Chen
4th Edition
013089611X, 978-0130896117
