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An operating lease: Question 8Answer a. must be classified as current assets and flow through operating expenses. b. is usually short-term and is often cancellable

An operating lease: Question 8Answer a. must be classified as current assets and flow through operating expenses. b. is usually short-term and is often cancellable at the option of the lessee. c. must show up on the balance sheet. d. has a lease term equal to 75% or more of the estimated property

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