On page 524, in FSA, they say “Thus, lease capitalization systematically decreases the CFO while increasing the CFF.” Is it only me, or it should be the other way around? CFO is increasing since interest expense is decreasing, and CFF is decreasing since amortization is increasing? ***disregard*** i should learn to read first!
I’m with you on this one. I’ve mis-read the whole “CFO decrease/increase” a million times!