Which of the Following Accounts Would Not Appear on the Balance

question 140

Multiple Choice

Which of the following accounts would not appear on the balance sheet of a lessee company recording a capital lease after the first year of its ten-year life?

• A)Accumulated depreciation on the leased asset
• B)Lease obligation in the Current Liability section
• C)Lease obligation in the Long-Term Liability section
• D)Rent expense on the income statement

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