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- Jun 3, 2022
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if a portion of the Finance Lease is to be expensed and not capitalized, where should it go on the SCF? The other 3 are non cash items with the payments going to the Financing section and the change in liability going to the operating section. This was the journal entry:
Dr. Expense
Dr. Fixed Assets
Cr. Finance Lease - ST
Cr. Finance Lease - LT
Dr. Expense
Dr. Fixed Assets
Cr. Finance Lease - ST
Cr. Finance Lease - LT