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Tesla uses lease accounting for automotive sales under its resale value guarantee program. Assume that instead of using lease accounting for automotive sales under its

Tesla uses lease accounting for automotive sales under its resale value guarantee program. Assume that instead of using lease accounting for automotive sales under its resale value guarantee program, Tesla instead recognized these sales and the associated cost of sales at the inception of the sale. Estimate the Income (Loss) from operations that Tesla would have reported for 2014.

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