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29. If a lease is capitalized, it has one of the following attributes A. It shows up as a liability on the lessor's financial statements

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29. If a lease is capitalized, it has one of the following attributes A. It shows up as a liability on the lessor's financial statements B. It is debt on the right-hand side of the lessee's balance sheet, and an asset on the left C. The lease's present value shows as a liability on the lessee's balance sheet, but not an asset D. The lease becomes a capital asset for the lessor, allowing him to capitalize on its value to borrow more 30. The lessec in a financial lease bears the most of the same risks and rewards as ownership except: A. He doesn't know how large his lease payments are B. He has no tax shelter for his cash outflows C. He has no access to capital gain from an extraordinary salvage value D. He can cancel his obligations to a lessor with 30 days' notice

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