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Which of the following is true related to lease modification accounting? O a. Depending on the circumstances, a lease that has been modified may be
Which of the following is true related to lease modification accounting? O a. Depending on the circumstances, a lease that has been modified may be accounted for as one combined lease of both the original and new lease terms and conditions. O b. Only the lessee must reconsider the classification and accounting of a lease that has been modified with the lessor. c. A lease modification that requires a lessor to revisit accounting may include the lessee changing its mind about rights contained in the original lease, such as extending a lease term. d. Changing the timing of the lease payments is not considered to be a lease modification.
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