Lessor Accounting for Sales-Type Leases (FAR 8:37)

Lessor Accounting for Sales-Type Leases | CPA Exam FAR MCQs | Intermediate Accounting p 1 of 2

At the outset of the lease, the lessor recognizes a lease receivable and sales revenue (as if the asset had been sold to the lessee). ... At the end of the lease term, the lessor increases its inventory when it receives the leased asset from the lessee.My website: https://farhatlectures.com/Facebook

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