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At the beginning of the lease period, the lease is reported in the lessees balance sheet for which amount? Multiple Choice Fair value of the

At the beginning of the lease period, the lease is reported in the lessees balance sheet for which amount?

Multiple Choice

  • Fair value of the underlying asset.

  • Present value of expected cash inflows from using the underlying asset.

  • Leases are not reported in the balance sheet.

  • Present value of lease payments over the lease period.

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