Discuss gaap for leases
Question 1: Discuss GAAP for leases.Question 2: Discuss the differences between GAAP for leases and IASB requirements for leases.Question 3: Distinguish between direct financing and sales type leases.
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Discuss the nature of this lease transaction from the viewpoints of both lessee and lessor.
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Question 1: Discuss GAAP for leases. Question 2: Discuss the differences between GAAP for leases and IASB requirements for leases.
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