Problem
1. Does it matter if capital leases are reponed in a footnote or in the body of the balance sheet? What research evidence exists to help evaluate this question?
2. Does symmetry exist between lessors and lessees under SFAS So. 13? Should symmetry be a goal of lease accounting?
3. How is representational faithfulness achieved in the capitalization requirements of SFAS No. 13?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.