Question: Lease Liability (Select one or more than one): a. Normal balance is DR b. Normal balance is CR c. It is an asset account d.

Lease Liability (Select one or more than one):

a. Normal balance is DR

b. Normal balance is CR

c. It is an asset account

d. It is a contra-account of Active

and. It is a Debt account (liability)

F. It is a contra-account of Debt

g. It is a Capital account (equity)

h. It is an account of the Statement of Income and Expenses

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