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Business, 27.07.2021 18:50 hanjonez

If the lease in a sale-leaseback transaction meets one of the five lease tests and is therefore accounted for as a finance lease, who records the asset on its books and which party records interest expense during the lease period? Party recording the Party recording
asset on its books interest expense
A) Seller-lessee Purchaser-lessor
B) Purchaser-lessor Seller-lessee
C) Purchaser-lessor Purchaser-lessor
D) Seller-lessee Seller-lessee

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