Reading Concept Summary
NO PLAGIARISM. PLEASE USE REFERENCES IF NEEDED !!
** Write a 260- to 350-word summary of this week's readings.
• EXPLAIN HOW LEASES ARE USED BY COMPANIES and advantages of this financial arrangement.
• DISTINGUISH between the different classifications of leases.
• Record leases from both the lessor and lessee perspective.
** Describe major concepts you learned.
** Explain how you can apply what you learned to your current or future workplace.
Textbook : Kieso, D.E., Weygandt, J.J., Warfield, T.D.(2016). Intermediate Accounting. (16th ed.). John Wiley & Sons.