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    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
  5. Question
    In a Sales-Type Capital Lease, the Present Value of the Unguaranteed
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In a Sales-Type Capital Lease, the Present Value of the Unguaranteed

Question 26

Question 26

True/False

In a sales-type capital lease, the present value of the unguaranteed residual value is included in both the sales revenue and cost of goods sold.

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