In a direct financing lease, does a lessor always report selling profit or loss on the sale

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In a direct financing lease, does a lessor always report selling profit or loss on the sale of the leased asset at the lease commencement date? Explain.

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Intermediate Accounting

ISBN: 978-0134730370

2nd edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Jul 15, 2019 01:24 PM

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In a direct financing lease, does a lessor always report selling profit or loss on the sale

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In a direct financing lease lessors recognize any loss at ...View the full answer

Intermediate Accounting

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