Quiz 15.01 – T/F Initial Impact of Lease Classification on Lessee’s Debt and Returns

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Whether classified as a finance or operating lease, a lease agreement affects the lessee's debt-to-equity ratio and rate of return on assets at the start of the lease.

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  • Search Terms: a affected agreement, an and are as assets at beginning both classified debt equity finance is lease lease. lessee's of on operating or rate ratio regardless return the to whether
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