1. “The lessor recognizes the same amount of income (revenue minus expenses) over the term of a lease as the lessee recognizes as expenses.” Do you agree or disagree? Explain. 2. “If permitted, a...

1. “The lessor recognizes the same amount of income (revenue minus expenses) over the term of a lease as the lessee recognizes as expenses.” Do you agree or disagree? Explain.

2. “If permitted, a lessee generally prefers to account for leases using the operating lease method for financial reporting and the capital lease method for tax reporting.” Explain.

May 26, 2022

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1. “The lessor recognizes the same amount of income (revenue minus expenses) over the term of a lease as the lessee recognizes as expenses.” Do you agree or disagree? Explain. 2. “If permitted, a...

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