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  3. Study Set
    Intermediate Accounting Study Set 14
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    Exam 18: Leases
  5. Question
    The Principal Attribute of Finance Leases Is That the Risks
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The Principal Attribute of Finance Leases Is That the Risks

Question 234

Question 234

True/False

The principal attribute of finance leases is that the risks and rewards of asset ownership are deemed to remain with the lessor.

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