For A(n) ________ Lease, a Lessor Recognizes Revenue on the Sale

For a(n) ________ lease, a lessor recognizes revenue on the sale and records the asset, ________ lease. It also removes the leased asset from its accounts and records the ________.

A) sales-type; finance; revenue
B) operating; net investment in lease-sales-type; cost of goods sold
C) finance; gross investment in lease-sales-type; cost of goods sold
D) sales-type; net investment in lease-sales-type; cost of goods sold

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