Presented below are a number of accounts/terms/descriptions/concepts operating lease transactions. Match the accounts/terms/descriptions or best answer. Students may use answers more than once. Discounts or Premiums Interest Expense based on the effective rate times the outstanding amount of the obligation/liability for the period Only "Lease Expense" recognized Stated Rate is higher than Market Rate Accrue 3 months of Interest Expense on [Chose] [Choose ] [Choose ] [Choose] related to either bonds with their related transact [Choose] > >

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Presented below are a number of accounts/terms/descriptions/concepts related to either bonds operating lease transactions. Match the accounts/terms/descriptions with their related transact or best answer. Students may use answers more than once. Discounts or Premiums Interest Expense based on the effective rate times the outstanding amount of the obligation/liability for the period Only "Lease Expense" recognized Stated Rate is higher than Market Rate Accrue 3 months of Interest Expense on Lessor journal entries at the inception of an operating lease (no cash payment required by lessee) Annual lease expense recognized equals... Market Rate is higher than Stated Rate Market Value of bonds is greater than recorded value (amortized cost)