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    Accounting Study Set 4
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    Exam 10: Long-Term Assets: Fixed and Intangible
  5. Question
    In a Lease Contract, the Party Who Legally Owns the Asset
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In a Lease Contract, the Party Who Legally Owns the Asset

Question 191

Question 191

Multiple Choice

In a lease contract, the party who legally owns the asset is the


A) lessee
B) lessor
C) operator
D) banker

Correct Answer:

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