Question
A Government enters into a six-month lease of equipment. The government does not have an option to extend the lease. What account should be debited
A Government enters into a six-month lease of equipment. The government does not have an option to extend the lease. What account should be debited to record first months payment on the lease?
A. Other financing use - leases
B. Expenditures - leases
C. Expenditures - lease principal
D. Expenditures - lease interest
e. None of the above
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The Next Step Advanced Medical Coding And Auditing 2016
Authors: Carol J. Buck MS CPC CCS-P
1st Edition
978-0323389105
