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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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According to AASB 16, an entity that provides the right to use an underlying asset for a period of time in exchange for consideration is termed as Lessor.

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AASB 16 Leases (AASB 16) eliminates the difference between leases for leaseholders and leases and mandates that the right of use (ROU) be recognized and the balance sheet liability be borne out of the majority of leasing arrangements.

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