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Hello everyone, l need explanation of the answers for number 10,11. On a sale-leaseback transaction, any gain on the sale portion of the transaction is

Hello everyone, l need explanation of the answers for number 10,11. image text in transcribed
On a sale-leaseback transaction, any gain on the "sale" portion of the transaction is recognized immediately. True False Of the four criteria for a capital lease, the one that most often is the decisive criteria is: The 75% of economic life test. The transfer of title. The 90% of fair value test The bargain purchase option

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