Week 5 Reading Concept Summary

NO PLAGIARISM.  PLEASE USE REFERENCES IF NEEDED !!

** Write a 260- to 350-word summary of this week's readings. 

• EXPLAIN HOW LEASES ARE USED BY COMPANIES and advantages of this financial arrangement.
• DISTINGUISH between the different classifications of leases.
• Record leases from both the lessor and lessee perspective.

** Describe major concepts you learned.

** Explain how you can apply what you learned to your current or future workplace.

Textbook : Kieso, D.E., Weygandt, J.J., Warfield, T.D.(2016). Intermediate Accounting. (16^th ed.). John Wiley & Sons.