In which of the following lease arrangements would a county government lessor not recognize a lease receivable
Question:
In which of the following lease arrangements would a county government lessor not recognize a lease receivable as a noncurrent asset: It signs
a. A 10-year lease for one floor of a five-story office building.
b. A two-year lease with another government for an automobile; lease payments will be determined in part by number of miles driven and in part by a
guaranteed fixed payment.
c. A five-year lease on construction equipment with a town within its jurisdiction that includes a nonappropriation clause.
d. A rolling month-to-month lease of office space which either the lessor or the lessee can cancel by giving 30 days' notice.
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Related Book For
Government And Not For Profit Accounting Concepts And Practices
ISBN: 9781119803898
9th Edition
Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese
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