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Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a finance lease. At the
Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a finance lease. At the time of the sale, the gain should be reported as:
A. operating income. B. an infrequent item, net of income tax. C. as OCI and a separate component of stockholders' equity. D. a deferred gain.
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