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A benefit of leasing to the lessor is the return of the leased property at the end of the lease term. True O False Question

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A benefit of leasing to the lessor is the return of the leased property at the end of the lease term. True O False Question 8 View Policies Current Attempt in Progress In an operating lease, the lessee reports both interest expense and amortization expense on the income statement. True O False Question 9 View Policies Current Attempt in Progress If a lease does not transfer control of the asset over the lease term, the lessor will generally account for the lease as a sales-type lease. True O False Question 10 View Policies Current Attempt in Progress Direct-financing leases involve a third party in addition to the lessee. O True O False

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