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"if you are analyzing an airline and they decided to capitalize their leases instead of account...

"if you are analyzing an airline and they decided to capitalize their leases instead of account for them as operating leases, how would this affect the operating cash flow"
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If an airline decided to capitalize their lease in capitalizing lease all the present value of the lease rental is shown in the balance sheet, instead of account for them as operating lease, this will affect the operating cash flow as lease rentals would not be shown in operating cash flow as a inflow of cash because airline has already utilised the lease rentals in the balance sheet.

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