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    Business
  3. Study Set
    Introduction to Financial Accounting
  4. Exam
    Exam 9: Liabilities and Interest
  5. Question
    A Lessee May Have a Leased Item on His Balance
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A Lessee May Have a Leased Item on His Balance

Question 157

Question 157

True/False

A lessee may have a leased item on his balance sheet as an asset,even though the lessee does not have the legal title of ownership to the leased item.

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