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EBK CONTEMPORARY FINANCIAL MANAGEMENT

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 1QTD

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Explain the difference between operating and capital leases. How does the accounting treatment differ for each type of lease?

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What is the basic difference between the accounting procedures used by a lessor for a sales-type lease and those used for a direct-financing lease?
Why are compound interest concepts appropriate and applicable in accounting for a sales-type lease?
Explain the difference
What is the basic concept of “substance over form” influences lease accounting? Explain.
What is the difference between an operating lease and a financial,or capital, lease?
What are the criteria for classifying a lease as operating or capital? Why is there a difference between the two? What are the implications of an operating lease versus a capital lease on an entity’s financial statements?
What are the ways in which the accounting for the lease is affected?
How does the analysis of a sale-leaseback differ from the analysis of owning versus leasing?
What is lease assignment? What is subletting? Explain at least one main difference between these methods.
Which of the following is not one of the classifications for leases from the lessor’s viewpoint? Operating. Sales-type. Direct financing. Off-balance sheet.
The basic concept of “substance over form” influence lease accounting. Explain in detail how it does affect lease accounting?
In accounting for a finance lease/ Sale-type lease, how are the lessee's and lessor's income statements affected?

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