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Prompt : In the second milestone , you addressed income taxes and pensions for your portfolio . In the third and final milestone , you will add leases and the statement of changes to your portfolio .
IV . Leases
A . What are the differences between operating and capital leases ?
B . Describe the particular leases of your company based on the liability section of your company ’ s balance sheet .
C . What impact have the leases had on the company ’ s financial statements for the most recent year ?
D . Discuss the advantages and disadvantages of leasing a building versus purchasing one .
VI . Statement of Changes in Financial Position
A . From the perspective of an investor , determine whether or not you would invest in your chosen company based on the company ’ s statement of changes in financial position ( SCFP ). Support your opinion .
B . Review the company ’ s SCFP for any concerns that may need to be addressed . As controller of your company , prepare a memo to your CEO , giving a summary report for possible recommendations