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According to Generally Accepted Accounting Principles (GAAP) regarding leasing disclosure, which of the following statements...

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Accounting

According to Generally Accepted Accounting Principles (GAAP) regarding leasing disclosure, which of the following statements is (are) true?
All lease arrangements must be reported on the balance sheet.
Capital leased assets must be reported as a fixed-asset on the balance sheet.
Lease payments expected within the next year must be reported as a liability (debt) on the balance sheet.
The present value of all future lease payments for the capital asset must be reported as a liability (debt) on the balance sheet.
Both b and d.
None of the above are true.

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