In Note 4, “Summary of accounting policies,” part 4.14, “Leases,” AF states that“leases are classified as finance leases when the lease arrangement transferssubstantially all the risks and rewards of ownership to the lessee.” Is this the policycompanies using U.S. GAAP follow?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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In Note 4, “Summary of accounting policies,” part 4.14, “Leases,” AF states that
“leases are classified as finance leases when the lease arrangement transfers
substantially all the risks and rewards of ownership to the lessee.” Is this the policy
companies using U.S. GAAP follow?

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