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1Lessees do not recognize an asset under operating leases because lease accounting does not treat...

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Question

Accounting

1Lessees do not recognize an asset under operating leases because lease accounting does not treat the asset as being purchased.

True

False

2. Lessors record interest revenue for operating leases.

True

False

3. Cash interest paid varies each period when a bond is issued at a premium or a discount.

True

False

4Interest expense increases over the life of the bond when a bond is issued at a discount.

True

False

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