Debate Using the Codification Research Case. Debate the support the sales manager's position and Also debate the support of the CFOs position. Quote the codification site.
Present both sides. Additionally, the CFO at this company has asked for your guidance in evaluating leases.
Write a 350- to 525-word memo on this topic, specifically on how to determine whether substantially all of the risks and rewards of ownership are transferred in the lease. Address how "substantially all" is defined in the authoritative literature.
Use - Kieso, Donald E., Weygandt, J. J., Warfield, T. D. (2016). Intermediate Accounting, 16th Edition - chapter 18