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9. Which of the following statements is not true. (A) Capitalized leases should be reported on the statement of financial position. (B) All leases must

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9. Which of the following statements is not true. (A) Capitalized leases should be reported on the statement of financial position. (B) All leases must be capitalized. (C) The lessor is the owner of the property in a lease arrangement. (D) The lease liability is determined by computing the present value of the lease payments

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