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Crystal Corporation makes $2,300 payments every month for leasing office equipment. Crystal recorded a lease payment a follows: Lease payable Interest expense 1,380 920 Cash
Crystal Corporation makes $2,300 payments every month for leasing office equipment. Crystal recorded a lease payment a follows: Lease payable Interest expense 1,380 920 Cash 2,300 Amortization expense Right-of-use asset 1,380 1,380 Crystal must have a(n): 13 Finance lease. Leveraged lease. Operating lease. Sales-type lease without selling profit
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