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Question 12 Not yet answered Points out of 1 Flag question This question is based on new lease rules that became effective for most public

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Question 12 Not yet answered Points out of 1 Flag question This question is based on new lease rules that became effective for most public companies on January 1, 2019. Airline Fleases all its aircraft under finance leases. Airline O leases all its aircraft under operating leases. Assuming that the two airlines report under US GAAP and are otherwise identical except for the mentioned lease classifications, which of the following comments is true: Select one: a. Airline O has lower rent expense reported on its income statement b. Airline F has a lower EBITDA margin c. None of the listed answers d. Airline O has more lease liabilities e. Airline O has less lease assets at the inception of the lease

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