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  3. 5when determining the amount of the lease liabilit

5When determining the amount of the lease liability, lessees should include any payments made to...

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Question

Accounting

5When determining the amount of the lease liability, lessees should include any payments made to the lessor for insurance.

True

False

6The amount of sales revenue and sales tax payable reported each accounting period varies with the accounting method used.

True

False

7Redeeming a bond early results in a loss.

True

False

8Interest expense increases over the life of the bond when a bond is issued at a discount.

True

False

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