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Author Question: Which of the following is NOT true regarding capital leases? (Read 67 times)

brutforce

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on: Feb 18, 2020
Which of the following is NOT true regarding capital leases?
◦ Lease payments are allocated between interest and principle.
◦ The lessee owns the rights to use the leased asset.
◦ The lease is for a period of greater than one year.
◦ Lease payments are classified as long-term assets only.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by brutforce on Feb 18, 2020

nathang24

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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brutforce

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it

xthemafja

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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