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Question 6 Which of the following statements regarding lease transactions are correct? Jot yet unswered Marked out of .00 7 Flag 1) Lessees recognize Right
Question 6 Which of the following statements regarding lease transactions are correct? Jot yet unswered Marked out of .00 7 Flag 1) Lessees recognize Right of Use assets for all lease transactions 2) Lessors still classify leases into operating and finance leases 3) Lessees need to amortize the recognized Right of Use assets 4) Lessors always recognize sales revenue in lease transactions 5) Lessors always recognize initial direct costs as expenses question a. 1), 2) and 3) O b. 2), 3) and 4) c. 1), 3) and 5) d. 2) and 3) e. 1) and 3)
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