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GAAP requires that some lease agreements be accounted for as purchases of assets. The theoretical justification for this treatment is that a lease of this

GAAP requires that some lease agreements be accounted for as purchases of assets. The theoretical justification for this treatment is that a lease of this type: Select one:

a. Complies with the concept of substance over form.

b. Conveys most of the benefits of consistency and comparability.

c. Reflects the relationship of reliability and relevance.

d. Satisfies the concept of historical cost.

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