Question: According to the FASB - issued Statement 1 3 , which of the following statements is true? Assets leased under financial or capital leases should

According to the FASB-issued Statement 13, which of the following statements is true?
Assets leased under financial or capital leases should be reported as fixed assets on the balance sheet.
The present value of all future lease payments should be reported as assets on the balance sheet.
The present value of all past lease payments should be reported as a liability on the balance sheet.
Leased assets should be reported as current assets on the balance sheet.

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