Question
When a company signs a lease agreement that is classified as a capital lease which of the following is NOT true? Group of answer choices
When a company signs a lease agreement that is classified as a capital lease which of the following is NOT true?
Group of answer choices
An asset is recorded
a liability is recorded
The company does not legally own the leased asset.
A discount is used to recognize the interest on the lease.
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Accounting For Biological Assets
Authors: Rute Goncalves, Patricia Teixeira Lopes
1st Edition
1032096225, 9781032096223
