Which of the following is not an implication of FASB 13,Accounting for Leases?
A) FASB 13 requires that the PV of the lease payments appear on the right hand side of the balance sheet.
B) FASB 13 requires that the present value of the asset appear on the left hand side of the balance sheet.
C) FASB 13 allows for off-balance-sheet financing for operating leases.
D) All of these.
E) None of these.
Correct Answer:
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