Question
There are two types of lease: finance lease and operating lease. When company has a lease contract that can classified into either one of finance
There are two types of lease: finance lease and operating lease. When company has a lease contract that can classified into either one of finance or operating, there are an increase in assets and liabilities on B/S
Select one:
True
False
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
11th Canadian Edition
0135359708, 9780135359709
