3. Assume the same lease contract between ABC Lessee and Stars Manufacturing Lessor from the...
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Accounting
3. Assume the same lease contract between ABC Lessee and Stars Manufacturing Lessor from the previous example. How would the accounting for Stars Manufacturing Lessor be different if the residual value is Unguaranteed? Prepare journal entries for Stars Manufacturing Lessor on the following dates: January 1, 2022 December 31, 2022 January 1, 2023 3. Assume the same lease contract between ABC Lessee and Stars Manufacturing Lessor from the previous example. How would the accounting for Stars Manufacturing Lessor be different if the residual value is Unguaranteed? Prepare journal entries for Stars Manufacturing Lessor on the following dates: January 1, 2022 December 31, 2022 January 1, 2023
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