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[ORDER SOLUTION] Lease Accounting Policy

Author: Client Uploads
September 14th, 2021

Please review the recent revision on the US lease accounting policy (you may use the one I posted in Canvas).The revised lease accounting policy classifies all leases over 12 months into two types: operating vs. finance.  Please discuss how lessee records in each of operating or finance lease.  Also show what effects will be on B/s and I/S in each type of leases.

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