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Able sold its headquarters building at a gain and simultaneously leased back the building. The lease met the criteria for a finance lease. At the
Able sold its headquarters building at a gain and simultaneously leased back the building. The lease met the criteria for a finance lease. At the time of sale, the gain should be reported as
Group of answer choices:
Operating income.
A separate component of stockholder's equity.
No gain reported.
Deferred gross profit.
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