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Which of the following is incorrect with regard to short-term leases? Multiple Choice When a company signs a short-term lease does not record a lease
Which of the following is incorrect with regard to short-term leases? Multiple Choice When a company signs a short-term lease does not record a lease liability. A short-term lease is for 12 months or less, excluding expected renewals and extensions. When a company signs a short-term lease there is no entry at the time the lease is signed. A short-term lease does not contain a bargain purchase option
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