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  3. for a finance lease, an amount equal to the presen

For a finance lease, an amount equal to the present value of the lease payments...

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Question

Accounting

For a finance lease, an amount equal to the present value of the lease payments should be recorded by the lessee as a(n):

a.

Expense.
b.

Asset and a different amount should be recorded as a liability.
c

Liability and a different amount should be recorded as an asset.
d

Asset and a liability.

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