1 - There are disclosures required relating to deferred tax amounts. Identify the requirements for...

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Accounting

1 - There are disclosures required relating to deferred tax amounts. Identify the requirements for such disclosures. What would you do if you were asked by your manager to "leave out" these disclosures from the notes to the financial statements you are preparing?

2- Why do you think there is a difference in recording capital vs. operating leases? Do you think this difference is valid or should all leases be recorded the same?

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