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GAAP establishes specific criteria for the treatment of leases under ASC 842. If any of...

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Accounting

GAAP establishes specific criteria for the treatment of leases under ASC 842. If any of the criteria are met, the lessee (Multiple Choice)

A. must treat the lease as an operating lease.

B. must treat the lease as a finance lease.

C. may choose the treatment if two or less criteria are met.

D. may elect to treat the lease as an operating lease if only one criterion is met.

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