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Under an operating lease, possible benefits to the lessee include which of the following? I....

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Under an operating lease, possible benefits to the lessee include which of the following? I. Lessor provides maintenance and retains ownership of the item. II. It is often structured as an off-balance-sheet item. III. OBSA lease payments are not listed on the income statement. IV. The life of the equipment is usually substantially longer than the lease period. a. I and II only b. I, II and III only c. I, II, III and IV d. I, II and IV only

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