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For a basic finance lease, the appropriate ASSET value reported in the balance sheet at year - end by the lessee is: Select one: a
For a basic finance lease, the appropriate ASSET value reported in the balance sheet at yearend by the lessee is: Select one: a Present value of the lease payments b Sum of the lease payments c Zero, unless a prepayment or accrual is involved d Fair value of the asset at the beginning of the lease 
For a basic finance lease, the appropriate ASSET value reported in the balance sheet at yearend by the lessee is:
Select one:
a Present value of the lease payments
b Sum of the lease payments
c Zero, unless a prepayment or accrual is involved
d Fair value of the asset at the beginning of the lease
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Modern Auditing
Authors: William C. Boynton, Walter G. Kell, Raymond N. Johnson, Dr William Boynton
7th Edition
047118909X, 978-0471189091
