Which of the following is not a characteristic of both a finance lease and an...
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Accounting
Which of the following is not a characteristic of both a finance lease and an operating lease? Group of answer choices The amount of lease liability is calculated at the present value of the future cash flows. A right-of-use asset is recorded on the balance sheet The right-of-use asset is amortized Lease liability is established at the inception of the lease agreement Lease expense is reported on the income statement
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