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Long term lease obligations are treated as:

Looking for the answer to the question below related to Financial Management?

Long term lease obligations are treated as:

 Options:

A. items in the footnotes of the financial statements
B. solely as an expense items on the income statement
C. in a manner similar to debt on the balance sheet
D. as an asset to the firm

 

The Correct Answer Is:

  • C. in a manner similar to debt on the balance sheet

 

Conclusion

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