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