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Lease Accounting Rules May Apply If an Arrangement or Contract

question 92

True/False

Lease accounting rules may apply if an arrangement or contract does not explicitly state that it is a lease.

Recognize the consequences of unauthorized actions by agents.
Comprehend the principles surrounding the termination of agency relationships.
Understand the role of express, implied, and apparent authority in agency relationships.
Learn about special rules related to electronic agents and their actions.

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