Question 19 (0.5 points) The lessee's incremental borrowing rate is the rate that, at the inception of the lease, the lessee would have incurred to borrow over a similar term the funds necessary to purchase the leased asset. True False Question 20 (0.5 points) Saved A change in accounting principle occurs when a company adopts a principle that is different from a previously used principle that is also generally accepted. True False Question 17 (0.5 points) An overstatement of opening inventory will result in an understatement of Cost of Goods Sold and therefore an overstatement of the current period's earnings. True False Question 18 (0.5 points) The lease expense amount recorded on a lessee's income statement will always be deductible for income tax purposes. True False