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Are operating leases often a preferred over financing leases

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Reference no: EM132513940

Problem 1: In the first year of a lease, a company will report higher expenses if the lease is classified as a financing lease than if it is classified as an operating lease.

True
False

Problem 2: Operating leases are often a preferred over financing leases because they are not reflected on the Balance Sheet.

True
False

Reference no: EM132513940

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