Question
Savinsky Industries prepares its financial statements using IFRS and reports its leases as finance leases. If the company reported under U.S. GAAP, is it possible
Savinsky Industries prepares its financial statements using IFRS and reports its leases as finance leases. If the company reported under U.S. GAAP, is it possible that some of the leases could be classified as an operating lease? Explain Your initial post must be in your own words.
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