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intermediate accounting II CH 15- Leases Please explain. Thank you. Question 1: Describe and demonstrate how the lessor accounts for a sales-type lease with a

intermediate accounting II

CH 15- Leases

Please explain. Thank you.

Question 1: Describe and demonstrate how the lessor accounts for a sales-type lease with a selling profit.

Question 2: Explain why companies choose to lease assets and the basis for the criteria used to classify leases.

Question 3: Explain the shortcut method.

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