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Describe why identifying and conserving keystone species are important, provide an example of a keystone species
Capital Lease
A lease agreement that transfers substantially all the risks and rewards of ownership of the asset to the lessee, and is recorded as an asset and liability on the balance sheet.
GAAP
Generally Accepted Accounting Principles, a framework of accounting standards, rules, and procedures used in the compilation of financial statements in the US.
Lease Capitalization Criteria
The standards or requirements used to determine whether a lease should be recorded as an asset and liability on the balance sheet.
Operating Leases
Leasing agreements where the lessor retains ownership of the asset, and the lessee pays for the right to use the asset for a specific period without gaining ownership.
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