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A lessor mistakenly treated a direct financing lease as an operating lease. How does this mistake impact the following at the end of the first
A lessor mistakenly treated a direct financing lease as an operating lease. How does this mistake impact the following at the end of the first year of the lease term? Rent/Lease Revenue Interest Revenue
Multiple Choice
A Overstated Understated
B Understated Understated
C Overstated Overstated
D Understated Overstated
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