Gaap Requires That Some Lease Agreements Be Accounted For As Purchases The Theor

GAAP requires that some lease agreements be accounted for as purchases. The theoretical justification for this treatment is that a lease is of this type:.A. Complies with the concept of form over substanceB. Reflects the relationship of cause and effectC. Satisfies the concept of historical costD. Conveys most of the risks and benefits of property ownership.

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