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If you miss getting an "A" by only one point, your frustration will be more intense because
Lease Capitalization
The process of recording a lease as an asset and a corresponding liability on the lessee's balance sheet, particularly for long-term leases.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.
GAAP
Generally Accepted Accounting Principles; a framework of accounting standards, principles, and procedures.
Lease Capitalization
The process of recording a lease as an asset and a corresponding liability on the balance sheet, reflecting the assets' use and obligation to make lease payments.
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