Which of the following statements about the classification and accounting for leases are true? (Select all that

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Which of the following statements about the classification and accounting for leases are true? (Select all that apply.)

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1.Under U.S. GAAP, lessees classify leases as either financing leases or operating leases.

2.Under U.S. GAAP, lessors classify leases as either sales-type leases or operating leases.

3.Under international standards, lessors classify all leases as operating leases.

4.Under international standards, lessees classify all leases as operating leases.

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Investment

ISBN: 978-0073530703

9th edition

Authors: Zvi bodie, Alex kane, Alan j. marcus

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Posted Date: Feb 03, 2020 11:16 PM

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Which of the following statements about the classification and accounting for leases are true? (Select all that

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Investment

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