Financial Accounting
10th Edition
ISBN: 9781119298229
Author: Weygandt, Jerry J.; Kieso, Donald E.; Kimmel, Paul D.
Publisher: WILEY
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Chapter K, Problem 3Q
(a)
To determine
Other significant liabilities
Other significant liabilities are liabilities other than current and long-term liabilities. These liabilities have a significant impact on the future
To Describe: The lease agreement.
(b)
To determine
To Find: The two most common types of leases.
(c)
To determine
To Distinguish: The operating and finance leases.
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Accounting for Finance and Operating Leases | U.S. GAAP CPA Exams; Author: Maxwell CPA Review;https://www.youtube.com/watch?v=iMSaxzIqH9s;License: Standard Youtube License