Leases I: Criteria for Classification

Jan 16, 2014

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in Level I Financial Reporting and Analysis, Level II Financial Reporting and Analysis

A lease is a contract that lets one party use an asset owned by another party, in exchange for periodic payments. The owner of the asset is the lessor; the user of the asset is the lessee. For the purposes of financial reporting, leases are divided into two categories, based on the economic substance of […]

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