U.S.accounting principles require that lease agreements are treated as capital leases if all of the four criteria apply.
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Q20: Internal controls over fixed assets should ensure
Q21: Companies always enter into lease agreements to
Q22: Auditors will perform an analysis of leases
Q23: Auditors often recalculate the present value of
Q24: A bargain purchase option is a good
Q26: Bluewire Technologies,Inc.obtained a patent for its MegaK2000
Q27: The auditor must be aware of management's
Q28: The accounting for leases is often misapplied
Q29: Leases that qualify as operating are expensed
Q30: An auditor will read the footnotes related
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