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Entries for a direct financing and ordinary annuity lease

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Reference no: EM131753898

A capital lease begins on 1/1/16. Failure to record the 1/1/16 lessor entries for a direct financing, ordinary annuity lease would have what effect on the 1/1/16 lessor Total Assets and Total Equity, respectively?

Reference no: EM131753898

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Entries for a direct financing and ordinary annuity lease : ordinary annuity lease would have what effect on the 1/1/16 lessor Total Assets and Total Equity, respectively
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