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For a finance lease, an amount equal to the present value of the lease payments should be recorded by the lessee as a(n): a. Expense.
For a finance lease, an amount equal to the present value of the lease payments should be recorded by the lessee as a(n):
a. | Expense. | |
b. | Asset and a different amount should be recorded as a liability. | |
c | Liability and a different amount should be recorded as an asset. | |
d | Asset and a liability. |
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