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  2. Topic
    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 11: Accounting for Leases
  5. Question
    A Finance Lease Is One in Which Substantially All the Risks
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A Finance Lease Is One in Which Substantially All the Risks

Question 63

Question 63

True/False

A finance lease is one in which substantially all the risks and benefits of ownership pass to the lessee.

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