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Explain the difference between operating and financing liabilities. In addition, discuss the implications of lease accounting for...

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Accounting

Explain the difference between operating and financingliabilities. In addition, discuss the implications of leaseaccounting for the analysis of financial statements.

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Accounting for Operating lease Balance Sheet Neither a liability nor an asset is reported Income Statement The assets rent which is similar as the lease payment is expensed Cash Flow Statement The complete the rent expenditure or lease payment is reported as operating    See Answer
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