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  3. 1.explain effects of the new lessee accounting on

1.Explain effects of the new lessee accounting on the balance sheet, i.e., assets, liabilities and...

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Accounting

1.Explain effects of the new lessee accounting on the balance sheet, i.e., assets, liabilities and equity. Identify three exemptions to this new accounting. Discuss whether you agree with these exemptions. Also identify any potential loophole concerning these exemptions.

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