Which type of lease requires that a long-term debt and an asset be recorded at the inception

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Which type of lease requires that a long-term debt and an asset be recorded at the inception of the lease?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:08 AM

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Which type of lease requires that a long-term debt and an asset be recorded at the inception

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Since a capital lease is in substance a purchase o...View the full answer

Cornerstones of Financial and Managerial Accounting

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