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A finance lease is a lease in which: a. Substantially all the risks and rewards of ownership are transferred to the lessee b. The lessee

A finance lease is a lease in which:

a.

Substantially all the risks and rewards of ownership are transferred to the lessee

b.

The lessee guarantees the residual value of the asset

c.

The title is transferred at the end of the lease

d.

An asset is supplied in return for payment of interest and principal

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