Question
Match the description to the type of lease Lessee's intent is to temporarily use the property (capital lease or operating lease) The ownership of the
Match the description to the type of lease
Lessee's intent is to temporarily use the property (capital lease or operating lease)
The ownership of the property does not change (capital lease or operating lease)
The ownership of the property changes (capital lease or operating lease)
Lessee's intent is to permanently use the property (capital lease or operating lease)
An expense is recorded (capital lease or operating lease)
An asset is recorded (capital lease or operating lease)
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
