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    Intermediate Accounting Study Set 2
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    Exam 15: Leases
  5. Question
    On a Transaction That Qualifies for Sale-Leaseback Accounting, Any Gain
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On a Transaction That Qualifies for Sale-Leaseback Accounting, Any Gain

Question 194

Question 194

True/False

On a transaction that qualifies for sale-leaseback accounting, any gain on the "sale" portion of the transaction is recognized immediately.

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