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BLX Corp. entered into a five-year agreement to lease a building from QKJ Inc. Which section of the authoritative guidance best describes the criteria
BLX Corp. entered into a five-year agreement to lease a building from QKJ Inc. Which section of the authoritative guidance best describes the criteria that would require BLX to classify this as a finance lease and QKJ to classify this as a sales-type lease? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Type the topic here. Correctly formatted FASB ASC topics are 3 digits. FASB ASC Some examples of comectly formatted FASB ASC responses are 206-10-06-1, 323-740-525- 1, 260-10-60-1A 715-30-35-96, 820-10-35-1688 and 810-10-65-205AE
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