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    Financial and Managerial Accounting Study Set 8
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    Exam 10: Liabilities
  5. Question
    If a Lease Transfers Ownership of the Property to the Lessee
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If a Lease Transfers Ownership of the Property to the Lessee

Question 132

Question 132

True/False

If a lease transfers ownership of the property to the lessee at the end of the lease term,it should be regarded as an operating lease.

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