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(a) There is a lease agreement between two companies regarding a freight airplane. From the following statements, the one that is true is Lessee is

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(a) There is a lease agreement between two companies regarding a freight airplane. From the following statements, the one that is true is Lessee is using the airplane. 1 Lessor is making the periodic lease payments. 12 Lessee is making the periodic lease payments. Lessor owns the airplane. 13 Lessee is collecting the periodic lease payments Lessor bought the airplane. Lessee didn't buy the airplane. 14 Lessor is making the periodic lease payments. (b) A lease agreement is most beneficial to both companies if... 1 Lessor's tax rate Lessee's tax rate

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