Acme Distribution currently has the following items on its balance sheet:
Assets Liabilities Cash 24 Debt 65
Property, Plant, and Equipment 160 Equity 119
Under current FASB accounting standards (that is, prior to 2019), how will Acmes balance sheet change if it enters into an $ 75 million capital lease for new warehouses?
What will its book debt-equity ratio be?
How will Acme's balance sheet and debt-equity ratio change if the lease is an operating lease?
How will Acme's balance sheet change if it enters into an $ 75 million capital lease for new warehouses?
Complete the balance sheet? below: (Round to the nearest integer.) Assets Liabilities Cash $ Debt $ Property, Plant, and Equipment $ Equity $