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Which of the following is not a condition requiring the use of the finance lease reporting method instead of the operating lease reported method? Select
Which of the following is not a condition requiring the use of the finance lease reporting method instead of the operating lease reported method? Select one: a. The lease provides that the lessee can purchase the leased asset for a nominal amount (bargain purchase price) at the termination of the lease. b. The lease term covers the majority of the remaining economic life of the leased asset. C. The lease allows the lessee to use the leased asset during the lease term. d. The lease automatically transfers ownership of the leased asset from the lessor to the lessee at the termination of the lease
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