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How are financial leases accounted for vs operating leases

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Reference no: EM132735601

Question: 1. Let's imagine an energy company - that leases equipment and large asset bases?

2. Let's list the different standard(s) and relevant paragraphs that different financial leases to operating leases?

3. Please list different stakeholders that can be impacted by lease reporting?

4. How would these stakeholders be impacted financially or otherwise?

5. How are financial leases accounted for v/s operating leases?

6. How can options be used to manipulate figures in the balance sheet?

7. Why would management be tempted to do so?

Reference no: EM132735601

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