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Which of the following is NOT true of an operating lease? O Ownership of the asset is transferred to the lessee at the end of
Which of the following is NOT true of an operating lease? O Ownership of the asset is transferred to the lessee at the end of the lease. O It has a cancellation clause OIt is recorded on the balance sheet O The term is generally shorter than the expected life of the asset
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Auditing
Authors: Allan Millichamp, John Taylor
9th Edition
1844809404, 978-1844809400
