Question: For a capital lease, the amount recorded initially by the lessee as a liability should normally a. Exceed the total of the minimum lease payments.

For a capital lease, the amount recorded initially by the lessee as a liability should normally

a. Exceed the total of the minimum lease payments.

b. Exceed the present value of the minimum lease payments at the beginning of the lease.

c. Equal the total of the minimum lease payments.

d. Equal the present value of the minimum lease payments at the beginning of the lease.

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