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Examine ethics involved in reporting leases

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Reference no: EM132695879

Problem 1: Examine ethics involved in reporting leases, focusing on the ethical violations of off-balance-sheet financing, when capital leases were misreported as operating leases.

Problem 2: Discuss the current rules of accounting for leases. How are the income statement and balance sheet affected? Which method do you think best represents the liabilities and expenses of a company and why? Please provide an example.

Reference no: EM132695879

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