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    Financial Accounting Study Set 28
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    Exam 9: Reporting and Analyzing Long-Lived Assets
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    Under an Operating Lease, Both the Leased Asset and the Liability
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Under an Operating Lease, Both the Leased Asset and the Liability

Question 199

Question 199

True/False

Under an operating lease, both the leased asset and the liability are shown on the balance sheet.

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