The CICA implemented new rules for lease accounting which formalized the distinction between operating and capital leases in:
A) 1912
B) 1946
C) 1967
D) 1979
E) 2001

Question

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The CICA (Canadian Institute of Chartered Accountants) implemented new rules for lease accounting which formalized the distinction between operating and capital leases in 1979.

The CICA Implemented New Rules for Lease Accounting Which Formalized