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Which of the following is not a sufficient criterion for a lessee to classify a lease as a finance lease? Multiple Choice The lease transfers
Which of the following is not a sufficient criterion for a lessee to classify a lease as a finance lease? Multiple Choice The lease transfers ownership of the leased asset to the lessee at the end of the lease term The lessee has the option of acquiring the asset during or at the end of the lease term at a bargain price. O The lease term is greater than two-thirds of the economic life of the asset The present value of the lease payments is substantially all of the fair value of the leased asset
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