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Which of the following is true regarding the accounting for operating leases? Select one: O a. The lessee calculates the interest on the lease liability
Which of the following is true regarding the accounting for operating leases? Select one: O a. The lessee calculates the interest on the lease liability as the difference between the lease payment and the amortization of the right of use asset. O b. The lessor continues to record depreciation on the leased asset O c None of these statements is correct. O d. The lessor should record a lease receivable at the commencement of the lease. When the lease includes a bargain purchase option the lessor should classify the lease as Select one: O a Operating lease. Ob Capitalized lease. Oc Finance lease. O d. Sales-type lease
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