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    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
  5. Question
    A Direct-Finance Lease Is Classified in the Lessor's Balance Sheet
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A Direct-Finance Lease Is Classified in the Lessor's Balance Sheet

Question 24

Question 24

Multiple Choice

A direct-finance lease is classified in the lessor's balance sheet as ________.


A) a liability
B) an asset
C) interest revenue
D) a contra account to lease liability

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