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A seller/lessee who enters into a sale and leaseback agreement that meets revenue recognition criteria under ASC Topic 606 Multiple Choice recognizes the profit margin

A seller/lessee who enters into a sale and leaseback agreement that meets revenue recognition criteria under ASC Topic 606

Multiple Choice

recognizes the profit margin on the sold/leased asset over the leaseback term.

recognizes the profit margin on the sold/leased asset immediately.

accounts for the leased asset as a finance lease.

accounts for the leased asset a sale-type lease.

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