Quiz 15.27 – S Corp.

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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What is the immediate impact of recording a finance lease on the return on assets and debt/equity ratios for S Corp. with a 10% rate of return on assets and 2 to 1 debt/equity ratio?

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  • Search Terms: return % . a a b) a(n): and assets assets debt/equity a. increase increase b. decrease decrease c. increase decrease d. decrease increase a) b c) c d) corp. d debt/equity finance has immediate impact is lease of on option rate ratio ratios recording return s the these to
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