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Isla is a lessee on a contract. Which one of the following would be associated with it being an operating lease? the rental payments would
Isla is a lessee on a contract. Which one of the following would be associated with it being an operating lease? the rental payments would be recorded as expenses on the lessee's income statement. the financial terms indicate that the present value of the lease payments is 95% of the FMV. the period of the lease is a very significant portion of the leased asset's useful life. it indicates the asset involved is unique
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