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tion 2 (3 points) isten ch ONE of the following statements is FALSE? or a finance lease, if exercising a purchase option is reasonably certain,

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tion 2 (3 points) isten ch ONE of the following statements is FALSE? or a finance lease, if exercising a purchase option is reasonably certain, the Eight-of-Use Asset should be amortized over the term of the lease - not the seful life of the asset. or a sales-type lease of equipment with a selling profit, the journal entry at the eginning of the lease includes debits to Lease Receivable and Cost of Goods old, and credits to Sales Revenue and Equipment. or a sales-type lease, the journal entry for receipt of a lease payment will clude a credit to Lease Receivable. n 3 (3 points) en ONE of the following statements is FALSE? a finance lease, the journal entry at the beginning of the lease includes a bit to Right-of-Use Asset and a credit to Lease Payable. MacBook Air tion 2 (3 points) isten ch ONE of the following statements is FALSE? or a finance lease, if exercising a purchase option is reasonably certain, the Eight-of-Use Asset should be amortized over the term of the lease - not the seful life of the asset. or a sales-type lease of equipment with a selling profit, the journal entry at the eginning of the lease includes debits to Lease Receivable and Cost of Goods old, and credits to Sales Revenue and Equipment. or a sales-type lease, the journal entry for receipt of a lease payment will clude a credit to Lease Receivable. n 3 (3 points) en ONE of the following statements is FALSE? a finance lease, the journal entry at the beginning of the lease includes a bit to Right-of-Use Asset and a credit to Lease Payable. MacBook Air

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