Argue "in favor" or argue "against" whether to capitalize operating leases?
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- What are the major advantages to a lessor for becoming involved in a leasing arrangement?Why are compound interest concepts appropriate and applicable in accounting for a sales-type lease?Which of the following is not one of the classifications for leases from the lessor’s viewpoint? Operating. Sales-type. Direct financing. Off-balance sheet.
- Which of the following scenarios regarding a sale and leaseback transaction would result to a loss to the seller-lessee? Fair Value < Carrying Amount Fair Value > Carrying Amount Sale Price < Fair Value Sale Price > Fair ValueWhen does a buyer-lessor recognize a financial asset from a sale and leaseback transaction? Fair Value > Carrying Amount Fair Value < Carrying Amount Sale Price > Fair Value Sale Price < Fair ValueQ.8. Identify possible adverse effects on a lessee entity’s financial statements arising from the classification of a lease arrangement as finance lease.
- Of what significance is (a) an unguaranteed and (b) a guaranteed residual value in the lessor's accounting for a sales-type lease transaction?How does the analysis of a sale-leaseback differ from the analysis of owning versus leasing?The amount of gain (loss) on sale and leaseback transaction is: Group of answer choices The difference of the fair value of rights retained by the lessee and the carrying value of right-of-use asset. The difference of the fair value of rights transferred to the lessor and carrying value of rights transferred to the lessor. The difference of fair value and carrying of the underlying asset. The difference of the fair value of rights retained by the lessee and the carrying value of rights transferred to the lessor.