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Could a finance (capital) lease under IFRS be classified as an operating lease under U.S. GAAP? Explain.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

ChapterMJ: Mornin's Joe

Section: Chapter Questions

Problem 9DQ

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Could a finance (capital) lease under IFRS be classified as an operating lease under U.S. GAAP? Explain.

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