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Which is a correct statement of one of the lease criteria? A. The lease transfers ownership of the property to the lessor B. Lease term

Which is a correct statement of one of the lease criteria?

A. The lease transfers ownership of the property to the lessor

B. Lease term is for the major part of the remaining economic life of the underlying asset

C. The lease payments (excluding executory costs) exceeds 90% of the fair value of the leased property.

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