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D Question 3 1 pts Which of the following statements are true and represent differences between Finance Leases and Operating Leases? (choose all that apply)
D Question 3 1 pts Which of the following statements are true and represent differences between Finance Leases and Operating Leases? (choose all that apply) For Finance Leases Interest Expense and Amortization Expense are reported separately on the Income Statement, but for Operating Leases Interest Expense and Amortization expense are reported as a combined amount on the Income Statement For Finance Leases Interest Expense and the reduction of the Lease Liability are reported as a combined amount in the Finance section of the Statement of Cash Flows, but for Operating Leases Interest Expense is reported in the Operating section and the reduction of the Lease Liability is reported in the Finance section of the Statement of Cash Flows For Finance Leases Interest Expense is reported in the Finance section of the Statement of Cash Flows, but for Operating Leases Interest Expense is reported in the Operating section of the Statement of Cash Flows For Finance Leases the annual reduction in the Lease Liability is reported in the Finance section of the Statement of Cash Flows, but for Operating Leases the annual reduction in the Lease Liability is reported in the Operating section of the Statement of Cash Flows For Finance Leases the amortization of the ROU Asset is reported in the Finance section of the Statement of Cash Flows, but for Operating Leases the amortization of the ROU Asset is reported in the Operating section of the Statement of Cash Flows
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