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    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
  5. Question
    For a Lessor to Classify a Lease as a Capital
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For a Lessor to Classify a Lease as a Capital

Question 56

Question 56

True/False

For a lessor to classify a lease as a capital lease, collectability of the required minimum lease payments must be reasonably assured.

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