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How should a lessee account for a short - term lease ( lease term of 1 2 months or less ) under lessee accounting? A
How should a lessee account for a shortterm lease lease term of months or less under lessee accounting?
A Ignore shorlerm leases for accounting purposes
Recognize both the lease liability and the rightofuse asset on the balance sheet
C Recognize the lease liability on the balance sheet, but not the nightofuse asset
D Expense the lease payments on a straightline basis over the lease term
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