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A lease that is a contractual obligation for the lessee a. Is a Financial Lease, b. Is an Operating Lease, c. Is neither an Operating

A lease that is a contractual obligation for the lessee

a. Is a Financial Lease,

b. Is an Operating Lease,

c. Is neither an Operating Lease or a Financial Lease,

d. Can be either an Operating Lease or a Financial Lease.

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