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22 When control of the asset transfers and the leaseback is classified as an operating lease, the seller/lessee recognizes the profit on the sale as

22

When control of the asset transfers and the leaseback is classified as an operating lease, the seller/lessee recognizes the profit on the sale as follows: A. capitalized as part of the carrying amount of the right-of-use asset. B. deferred and recognized over the lease term. C. deferred and recognized over the useful life of the asset. D. recognized immediately

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