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Guilford Co. has leased property and accounted for the transaction as a finance lease. The amount recorded initially by Guilford as a liability should normally:

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Guilford Co. has leased property and accounted for the transaction as a finance lease. The amount recorded initially by Guilford as a liability should normally: A Select one: O a. Exceed the total of the minimum lease payments O b. Exceed the present value of the minimum lease payments at the beginning of the lease O c. Equal the total of the minimum lease payments O d. Equal the present value of the minimum lease payments at the beginning of the lease

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