2 accounting questions 1-2 paragraphs per question.

This is due at 1:30 am Central US time Sept. 5

LEASE INCLUDE AT LEAST 1 IN TEXT CITATION IN APA FORMAT, THEN INCLUDE THE CORRESPONDING REFERENCE CITATION ON THE REFERENCE PAGE. 

Example : In text citation : She stated, "Students often had difficulty using APA style" (Jones, 1998, p. 199),

Reference citation: 

Bernstein, M. (2002). 10 tips on writing the living Web. A List Apart: For People Who Make Websites, 149. Retrieved from http://www.alistapart.com/articles/writeliving

If you have trouble using APA  please visit here https://owl.english.purdue.edu/owl/resource/560/01

1) How do unrealized intercompany inventory profits from a prior period affect the computation of consolidated net income when the inventory is resold in the current period? Is it important to know if the sale was upstream or downstream? Why or why not?

2)If, under GAAP, capital leases are considered long-term obligations, why, in many jurisdictions, are they not subject to debt limitations?

Respond with thoughtful additions or corrections to at least two classmates’ postings