On January 1, Leveler Corporation leased equipment to Messy Company. The present value of the...
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On January Leveler Corporation leased equipment to Messy Company. The present value of the lease payments is $ and Levelers cost of the equipment was $ The lease is properly classified as a salestype lease. In comparison to the entries that would have been made if this lease did not include a selling profit, how are the entries affected because this lease includes a selling profit?
On January Leveler Corporation leased equipment to Messy Company. The present value of the lease payments is $ and Levelers cost of the equipment was $ The lease is properly classified as a salestype lease. In comparison to the entries that would have been made if this lease did not include a selling profit, how are the entries affected because this lease includes a selling profit?
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