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Contrast a sales-type lease with a direct financing lease

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Reference no: EM132221341

Question -

A) What criteria must be met by the lease so that Doherty Company can classify it as a capital lease?

B) What criteria must be met by the lease so that Lambert Company can classify it as a sales-type or direct financing lease?

C) Contrast a sales-type lease with a direct financing lease.

Reference no: EM132221341

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