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A ten-year lease obligation appears on the balance sheet of Generic Products Company. How would it most likely be classified on the balance sheet?

A ten-year lease obligation appears on the balance sheet of Generic Products Company. How would it most

A ten-year lease obligation appears on the balance sheet of Generic Products Company. How would it most likely be classified on the balance sheet? Both as a current asset and a long-term asset Both as a long-term liability and current liability A stockholders' equity Contra-liability

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