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34 For Jones Company, the lessor the present value of 6 lease payments is $500,000. The interest rate is 10%. Each payment is 5100,000. The

34 For Jones Company, the lessor the present value of 6 lease payments is $500,000. The interest rate is 10%. Each payment is 5100,000. The first payment is made at the start of the lease. The credit to interest revenue from the first payment is: a $100.000 b: 50 C. 5500,000 d. $400,000 e. none of the above

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