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the new accounting standard on leases that will become effective in 2018. Which of the following is true about the new accounting standard on leasing

the new accounting standard on leases that will become effective in 2018. Which of the following is true about the new accounting standard on leasing is true

  1. It requires all leases to be reported as finance leases on the balance sheet
  2. It requires all leases to be reported as operating leases on the balance sheet
  3. It requires companies to report a lease liability for a finance lease, but not to any asset
  4. None of the above

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