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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 20: Accounting for Leases
  5. Question
    A Direct Financing Capital Lease Results in a Manufacturers or Dealers
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A Direct Financing Capital Lease Results in a Manufacturers or Dealers

Question 34

Question 34

True/False

A direct financing capital lease results in a manufacturers or dealers profit or loss and meets one or more of the capitalization criteria and both of the recognition criteria.

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