Week 5 Reading Concept Summary
** Write a 260- to 350-word summary of this week’s readings.
- EXPLAIN HOW LEASES ARE USED BY COMPANIES and advantages of this financial arrangement.
- DISTINGUISH between the different classifications of leases.
- Record leases from both the lessor and lessee perspective.
** Describe major concepts you learned.
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Textbook : Kieso, D.E., Weygandt, J.J., Warfield, T.D.(2016). Intermediate Accounting. (16th ed.). John Wiley & Sons.
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