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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 
Which of the following is NOT true of an operating lease? Ownership of the asset is transferred to the lessee at the end of the lease. It has a cancellation clause It is recorded on the balance sheet The term is generally shorter than the expected life of the asset
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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