Harrington Corporation recently leased a number of trucks from Andre Corporation. In inspecting the books of Harrington
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Harrington Corporation recently leased a number of trucks from Andre Corporation. In inspecting the books of Harrington Corporation, you notice that the trucks have not been recorded as assets on its balance sheet. From this, you can conclude that Harrington is accounting for this transaction as a/an:
(a) operating lease.
(c) purchase.
(b) capital lease.
(d) None of the above.
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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