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Which of the following statements is correct regarding leases? Leases that meet one of five criteria are considered finance leases. Companies with leases that are

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Which of the following statements is correct regarding leases? Leases that meet one of five criteria are considered finance leases. Companies with leases that are considered finance leases report amortization (depreciation) expense on the income statement O For all leases greater than one year, a right-of-use asset is recorded for the present value of the lease payments. All of these answer choices are correct

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