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11 months ago
On the statement of cash flows, the total lease payment reduces cash flow from operating activities for the operating lease. Only the ________ reduces operating cash flows under the ________ lease. Therefore, cash flows from operating activities are ________ under the finance lease each year and in total.
A) liability portion; finance; lower
B) interest portion; finance; higher
C) liability portion; operating; lower
D) interest portion; operating; higher
Source  Download
Intermediate Accounting
Edition: 1st
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11 months ago
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