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4. Which of the following statements about the lessees financial (accounting) statements is most correct ? Under current guidelines, all leases are reported on the
4. Which of the following statements about the lessees financial (accounting) statements is most correct?
Under current guidelines, all leases are reported on the balance sheet. |
Under current guidelines, no leases are reported on the balance sheet. |
Under current guidelines, some leases are reported on the balance sheet. |
Under proposed future guidelines, no leases are reported on the balance sheet. |
Under proposed future guidelines, some leases are reported on the balance sheet. |
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