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Coolguy80 Coolguy80
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10 months ago
How is a capitalized lease reported on the financial statements under International Financial Reporting Standards IFRS 16?


▸

It shows up as a liability on the lessor’s financial statements.



▸

It is a debt on the right-hand side of the lessee’s balance sheet, and an asset on the left.



▸

The lease’s present value shows as a liability on the lessee’s balance sheet, but not as an asset.



▸

The lease becomes a capital asset for the lessor, allowing the firm to capitalize on its value to borrow more.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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joshamjosham
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10 months ago
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Coolguy80 Author
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10 months ago
Just got PERFECT on my quiz
mikeh209
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Yesterday
this is exactly what I needed
jasonbourne
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2 hours ago
Thanks for your help!!
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