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11. The lessor recognizes two different kinds of earnings for a sales-type lease; that is, dealer's profit and interest revenue. True False 12. To

11. The lessor recognizes two different kinds of earnings for a sales-type lease; that is, dealer's profit and interest revenue. True False 12. To qualify as a lessor for tax purposes, a company must derive at least 90% of its revenues from leasing. True False

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