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Kinds of impact of operating lease on financial statements

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Reference no: EM13910317

Assume that a lessee leases equipment and insists on terms that qualify it as an operating lease, barely escaping the qualification as a capital lease.
What kind of impact would this type of operating lease have on financial statements and related financial information as compared to the effect that a capital lease would have? Would your answer be different if the company used IFRS?

Reference no: EM13910317

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