An operating lease need not be capitalized, but its basic features must be disclosed in a footnote to the financial statements.

Name: An operating lease need not be capitalized, but its basic features must be disclosed in a footnote to the financial statements.
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Question

Quizplus · Accepted Answer

This statement is true. An operating lease does not need to be capitalized, but its key features, such as lease payments and lease term, need to be revealed in the financial statement notes.

An Operating Lease Need Not Be Capitalized, but Its Basic