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Genya90

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Genya90

Re: RyGuy post# 677

Friday, 12/20/2019 10:34:34 AM

Friday, December 20, 2019 10:34:34 AM

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It will show in both sections assets and liabilities , in Accounting world debits equal credits to balance off
Assets= liabilities +equity
So if leases show up as liabilities they must be shown as assets as well so net effect on Financial would be literally zero
The reason they do it so investors can clearly make decisions while comparing different companies and access their balance sheets and predict cash flow for next 5 years
That’s it no more no less
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