Accounting Differences Based on Type of Lease When a lessor records a sales-type lease: a.The...
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Accounting
Accounting Differences Based on Type of Lease
When a lessor records a sales-type lease:
a.The net receivable is equal to the present value of the future lease payments to be received.
b.No sales revenue or expense is recognized.
c.The lessor recognizes a manufacturer's (dealer's) profit or loss.
d.All of the choices are correct.
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