What principal arguments for and against current treatment

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The financial accounting standards board (FASB) is currently reevaluating FASB Statement number 13, Accounting for leases. It has proposed eliminating the distinction between capital and operating leases (As defined in case exhibit 4) and instead requiring all leases to be recorded as capital leases. What are the principal arguments for and against the current treatment?

Reference no: EM13142574

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