What is selling profit on a sales-type lease? How do we account for a sales-type lease with a selling profit? At the beginning of an operating lease, the lessee will record what asset and liability, if any? At the beginning of an operating lease, the lessor will record what asset or assets, if any? In accounting for an operating lease, how are the lessee's and lessor's income statements affected? Briefly describe the conceptual basis for asset and liability recognition under the right-of-use approach used by the lessee in a lease transaction. In a financing lease, "front loading" of lease expense and lease revenue occurs. What does this mean, and how is it avoided in an operating lease? 8 N 2 W F2 S header("Cache-Control: no 56 #3 X 80 E F3 D 2 4 C $45 NOV 9 F4 R F 97 5 % 5 V tv W F5 T G 6 F6 X Y B & 7 H zoom F7 U N . check registrati... 9 AM THETA: Chap... 7:45 PM 8 DII F8 M ( P 9 K Halloween F9 O < ) O F10 L Tabling for... . 10am m sch... P F11