The rent expense of the lessee maybe composed of the following: I.      Straight-line amortization of total rental payments over the lease term plus any free rent. II.      Straight-line amortization of lease bonus paid by the lessee at inception of the lease. III.      Any contingent rent accrued to the lessor as part of lease agreement. Group of answer choices I and III only II and III only I and II only I, II, and III

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The rent expense of the lessee maybe composed of the following:
I.      Straight-line amortization of total rental payments over the lease term plus any free rent.
II.      Straight-line amortization of lease bonus paid by the lessee at inception of the lease.
III.      Any contingent rent accrued to the lessor as part of lease agreement.
Group of answer choices
I and III only
II and III only
I and II only
I, II, and III
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