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    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
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    Under Some Circumstances, the Lessee Does Not Record the Leased
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Under Some Circumstances, the Lessee Does Not Record the Leased

Question 120

Question 120

True/False

Under some circumstances, the lessee does not record the leased asset and lease obligation on the balance sheet.

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