Fundamentals of Corporate Finance with Connect Access Card
Fundamentals of Corporate Finance with Connect Access Card
11th Edition
ISBN: 9781259418952
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 27.2, Problem 27.2BCQ
Summary Introduction

To discuss about: The reporting of capital lease

Introduction:

Earlier, leasing was called as off-balance sheet financing. This refers to a firm that can buy an asset on lease. However, it is not mandatory to mention it in the balance sheet. Instead, in the financial statements it must be mentioned in the footnotes.

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Fundamentals of Corporate Finance with Connect Access Card

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