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Which of the following statements characterizes an operating lease? a The lessee reports cash outflows as financing activities. b The lessor records depreciation and lease
Which of the following statements characterizes an operating lease?
a The lessee reports cash outflows as financing activities. | ||
b The lessor records depreciation and lease revenue. | ||
c | The lessee has an option to purchase the leased assets and is reasonably sure to exercise the option. | |
d | The lessor transfers title at the end of the lease term. |
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