Question: Packer plc (the lessor) concludes that its lease meets one of the tests to be classified as a sales-type lease. However, collection of lease payments
Packer plc (the lessor) concludes that its lease meets one of the tests to be classified as a sales-type lease. However, collection of lease payments is not probable. In this case, how should Packer account for any lease payments received?
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Although not part of the classificationtests the lessor must also determine ... View full answer
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