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In an operating lease: O the lessor records a receivable for the present value of lease payments. O the lessee records an asset and a

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In an operating lease: O the lessor records a receivable for the present value of lease payments. O the lessee records an asset and a liability for the present value of lease payments. O the lessor records interest revenue. O the lessee records an asset and a liability for the total of the lease payments

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