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TheCFO at this company has asked for your guidance in evaluating leases. Write a 350-...

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Accounting

TheCFO at this company has asked for your guidance in evaluating leases.

Write a 350- to 525-word memo on this topic, specifically on how to determine whether substantially all of the risks and rewards of ownership are transferred in the lease. Address how "substantially all" is defined in the authoritative literature.

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