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ohiosr ohiosr
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7 years ago
Given its importance, how does the accounting profession determine whether a lease is an operating lease or a purchase capital lease?
a. by observing what ledger account the transaction was recorded in
b. by determining the intentions of the lessee
c. based on whether the item being leased is a capital asset or not
d. based on whether title is likely to pass at the end of the lease period
e. by asking whether the asset is to be used short-term or long-term
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
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Existence87Existence87
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ohiosr Author
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6 years ago
Thanks for helping
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