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    Intermediate Accounting Study Set 4
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    Exam 22: Accounting Corrections and Error Analysis
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    Initial Direct Costs Are Matched with the Rental Revenues They
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Initial Direct Costs Are Matched with the Rental Revenues They

Question 119

Question 119

Essay

Initial direct costs are matched with the rental revenues they help generate in ________.
A)an operating lease
B)a direct financing lease
C)a sales-type lease
D)a capital lease

Correct Answer:

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1.This is a direct-financing lease for P...

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