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Unformatted text preview: balance-sheet financing". (Spiceland, J.D., Sepe, J.F. & Nelson, MW. (2011)). Requirement 2: The property is "under Capital lease" is an investing/financing activity where cash is not used. The property is amortized expense is calculated from the date of the lease and is accumulated system subtracted from the asset. The liability portion of the lease than uses cash to pay for the lease property. Requirement 3: Capital Lease Interest Expense 115M Lease Payable 315M Cash 603M Reference Spiceland, J.D., Sepe, J.F. & Nelson, MW. (2011). Intermediate Accounting (6th ed.). Boston, MA: McGraw-Hill/Irwin....
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- Spring '11
- Leasing, capital lease, time constraints, Sepe, bureaucratic control