When accounting for a lease, it is necessary to determine whether the lease is a capital lease

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“When accounting for a lease, it is necessary to determine whether the lease is a capital lease or a finance lease.” Do you agree? Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 09:07 AM

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When accounting for a lease, it is necessary to determine whether the lease is a capital lease

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No Capital leases and finance leases are essentially the same t...View the full answer

Introduction to Financial Accounting

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