We are attaching pdf of Sanjay Sir’s MARATHON | FINANCIAL STATEMENT ANALYSIS on this thread.
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Attaching pdf of Sanjay Sir’s MARATHON | FINANCIAL STATEMENT ANALYSIS
PDF:
FINANCIAL STATEMENT ANALYSIS
Their is an error in Q22 answer.
The asnwer says: – C is correct.
The lessee will record the asset and liability of the same amount at the initiation of the
lease. Duringthe life of the lease, the lessee will decrease the asset with depreciation
expenses and reduce theliability with “interest expenses”.
The interest expense will increase the lease liability, not decrease it. The lease payments would reduce the liability.
Their is an error in Q22 answer.
The asnwer says: – C is correct.
The lessee will record the asset and liability of the same amount at the initiation of the
lease. Duringthe life of the lease, the lessee will decrease the asset with depreciation
expenses and reduce theliability with “interest expenses”.
The interest expense will increase the lease liability, not decrease it. The lease payments would reduce the liability.
Their is an error in Q22 answer.
The asnwer says: – C is correct.
The lessee will record the asset and liability of the same amount at the initiation of the
lease. Duringthe life of the lease, the lessee will decrease the asset with depreciation
expenses and reduce theliability with “interest expenses”.
The interest expense will increase the lease liability, not decrease it. The lease payments would reduce the liability.
Their is an error in Q22 answer.
The asnwer says: – C is correct.
The lessee will record the asset and liability of the same amount at the initiation of the
lease. Duringthe life of the lease, the lessee will decrease the asset with depreciation
expenses and reduce theliability with “interest expenses”.
The interest expense will increase the lease liability, not decrease it. The lease payments would reduce the liability.