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On January 1, 2023, Fern Corp. enters into an agreement withNicki Rentals Inc. to lease a machine from Nicki Rentals. Bothcorporations adhere to ASPE. The

On January 1, 2023, Fern Corp. enters into an agreement withNicki Rentals Inc. to lease a machine from Nicki Rentals. Bothcorporations adhere to ASPE. The following datarelate to theagreement:1. T 2 answers

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