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Home Q & A Board Other Fields Homework Help Business Accounting
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AdamPG14 AdamPG14
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6 years ago
The appropriate asset value that a lessee reports on its balance sheet for an operating lease is ________.
A) zero, unless a prepayment or accrual is involved
B) the historical cost of the asset being leased
C) the sum of the minimum lease payments
D) the present value of the minimum lease payments
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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nicolepope23nicolepope23
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6 years ago
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AdamPG14 Author
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#2
6 years ago
This is very helpful, my teacher this year is not good
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