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  3. Study Set
    Understanding Financial Accounting
  4. Exam
    Exam 10: Long-Term Liabilities
  5. Question
    Use the Following Information to Answer Question
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Use the Following Information to Answer Question

Question 2

Question 2

Multiple Choice

Use the following information to answer question
Canin Cranes Co. leased an asset under the following terms: Use the following information to answer question Canin Cranes Co. leased an asset under the following terms:   -The lease should be classified by Canin Cranes Co. as a(n)  A)  operating lease. B)  commercial lease. C)  leveraged lease. D)  finance lease.
-The lease should be classified by Canin Cranes Co. as a(n)


A) operating lease.
B) commercial lease.
C) leveraged lease.
D) finance lease.

Correct Answer:

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