What are lease agreements often categorized as briefly, Financial Management

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What are lease agreements often categorized as briefly

1. What are lease agreements often categorized as? Briefly describe each.

2. The IRS has specific guidelines that apply to lease arrangements.

a. Define guideline lease or tax-oriented lease

b. Define non-guideline or non-tax-oriented lease

3. What is FASB Statement 13? Briefly describe.

4.What is a lessee’s analysis? What are the 2 analytical techniques that can be used?

Briefly describe each.

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