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5. Operating leases are long-term or noncancelable leases in which the lessor transfers substantially all the risks and rewards of ownership to the lessee. True

5. Operating leases are long-term or noncancelable leases in which the lessor transfers substantially all the risks and rewards of ownership to the lessee.

True or False

7. Price-earnings ratio is computed by dividing annual dividends by average market value per share.

True or False

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