If,as Part of the Accounting for a Lease,the Lessee Debits

question 44

Multiple Choice

If,as part of the accounting for a lease,the lessee debits an asset and credits a liability,then the lease must be a(n) :

• A)finance lease.
• B)operating lease less than one year.
• C)operating lease greater than one year.
• D)A and C.

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