Ccount accou Study guides, Class notes & Summaries

week 5 group project acc422.docx Week 5- Group Assignment ACC/422 CA21-4 (Comparison of Different Types of Accounting by Lessee and Lessor) Part 1: Capital leases and operating leases are the two classifications of leases described in FASB pronoun Last document update:   ago

week 5 group project Week 5- Group Assignment ACC/422 CA21-4 (Comparison of Different Types of Accounting by Lessee and Lessor) Part 1: Capital leases and operating leases are the two classifications of leases described in FASB pronouncements from the standpoint of the lessee. Instructions (a)Describe how a capital lease would be accounted for by the lessee both at the inception of the lease and during the first year of the lease, assuming the lease transfers ownership of the prop...