Reyn, an employee of Monado Enterprises, receives a yearly bonus directly related to Monados EBITDA....
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Accounting
Reyn, an employee of Monado Enterprises, receives a yearly bonus directly related to Monados EBITDA. As a stereotypical American capitalist, Reyn loves to make as much money as possible. Does Reyn support FASBs proposed changes to accounting for leases?
a. Yes, because fewer capital leases means a higher EBITDA
b. Yes, because fewer operating leases means a higher EBITDA
c. No, because fewer capital leases means a lower EBITDA
d. No, because fewer operating leases means a lower EBITDA.
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