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    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
  5. Question
    If the Lease Contract Allows the Lessee to Exercise the Bargain
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If the Lease Contract Allows the Lessee to Exercise the Bargain

Question 73

Question 73

True/False

If the lease contract allows the lessee to exercise the bargain purchase option prior to the lease termination, all accounting computations must be based on the shorter period.

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