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When payments are made at the beginning of a lease period in a finance lease, the lessee Multiple choice question. records interest expense for the

When payments are made at the beginning of a lease period in a finance lease, the lessee Multiple choice question. records interest expense for the first period of the lease at the inception date. reduces the lease obligation for the full amount of the first payment. records prepaid rent when it makes the first payment. computes interest expense for the first period by multiplying the discount rate by the present value of lease payments

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