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Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: The entry to record the purchase of the Carey Corporation common stock is:
Lease Rental Expense
An expense incurred from leasing an asset, which is typically recorded on a lessee's income statement.
Lease Liability
An obligation representing the present value of leasing payments due under a lease agreement.
Current Portion
The portion of a long-term liability that is due to be paid within the next twelve months.
Lease Liability
A financial obligation that represents the present value of future lease payments under a non-cancelable lease.
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