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The discount rate assumption that is used to account for a lease affects which of the following elements of the financial statements? The amount of
The discount rate assumption that is used to account for a lease affects which of the following elements of the financial statements? The amount of the right-of-use asset and lease liability recognized at the lease inception (beginning) The interest accrual on the lease liability The total lease expense recognized in the first year on a lease classified as operating All of the above The first two answers above, but not the third
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