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KaptainZ KaptainZ
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Posts: 349
5 years ago
For a dealer or manufacturer lessor, the use of a nonoperating lease is also preferred over a financing lease because it recognizes financing income and also accelerates revenue recognition in the form of the gross profit on the sale in the year of inception. Under an operating lease treatment, the lessor only records rental income each year, spreading the revenue flow over the lease term.
[True or False]
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
Read 35 times
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Mkersey12Mkersey12
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Posts: 140
5 years ago
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KaptainZ Author
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5 years ago
Smart ... Thanks!
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Helped a lot
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Thanks for your help!!
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