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    Entrepreneurial Finance Study Set 5
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    Exam 4: Preparing and Using Financial Statements
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    Long-Term, Noncancelable Leases Whereby the Owner Receives Payments That Cover
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Long-Term, Noncancelable Leases Whereby the Owner Receives Payments That Cover

Question 73

Question 73

True/False

Long-term, noncancelable leases whereby the owner receives payments that cover the cost of the equipment plus a return on investment in the equipment are known as capital leases.

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