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If a lease is reported as operating for the lessee, which of the following will NOT be reported on its balance sheet or income statement?

If a lease is reported as operating for the lessee, which of the following will NOT be reported on its balance sheet or income statement?

Answers: a.

Lease expense.

b.

Leased asset.

c.

All of the choices will be reported in the lessee's financial statements.

d.

Lease obligation.

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