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Stephanie Rice is an accountant. Her client, Expo Construction Inc., has leased new equipment. The company's bookkeeper is trying to figure out how to record
Stephanie Rice is an accountant. Her client, Expo Construction Inc., has leased new equipment. The company's bookkeeper is trying to figure out how to record the lease. For your initial post, discuss the different kinds of leases. What information will Stephanie need in order to help her client account for the transaction? What are the pros and cons of the different types of leases?
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