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Which of the following statements concerning leases is true? A Capital leases are favored by lessees B Present value is irrelevant in accounting for leases

Which of the following statements concerning leases is true? A Capital leases are favored by lessees

B Present value is irrelevant in accounting for leases

C The appearance of the account, Leased Asset, on the balance sheet signifies an operating lease

D The portion of a lease liability expected to be paid in the next year is reported as a current liability

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