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Which of the following statements characterizes a sales-type lease? a. the lessor recognizes only interest revenue over the life of the asset b. the lessor

Which of the following statements characterizes a sales-type lease?

a. the lessor recognizes only interest revenue over the life of the asset

b. the lessor recognizes only interest revenue over the lease term.

c. the lessor recognizes a gross profit at lease inception and interest revenue over the lease term.

d. the lessor recognizes a gross profit at lease inception and interest revenue over the asset life.

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