Quiz Ch 09 – T/F Recording Operating Lease Liability on Lessee’s Balance Sheet

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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Operating leases create a liability for the lessee, which must be recorded on their balance sheet due to the lease term being longer than one year.

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  • Search Terms: a and appear balance because created, is it lease leases lessee lessee's liability longer make must on one operating payments, rent require sheet. than the to year.
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