Harrington Ltd recently leased a number of trucks from Andre Ltd. In inspecting the books of Harrington

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Harrington Ltd recently leased a number of trucks from Andre Ltd. In inspecting the books of Harrington Ltd, you notice that the trucks have not been recorded as assets on its statement of financial position. From this you can conclude that Harrington Ltd is accounting for this transaction as:

(a) an operating lease.

(b) a finance lease.

(c) a purchase.

(d) none of the above.

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