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We use dual model for lease accounting due to the accounting concept of: A) Conservatism. B) Materiality. C) Substance over form. D) Historical cost. O A O B

We use dual model for lease accounting due to the accounting concept of: A) Conservatism. B) Materiality. C) Substance over form. D) Historical cost. O A O B

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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We use dual model for lease accounting due to the accounting concept of: A) Conservatism. B) Materiality. C) Substance over form. D) Historical cost. O A O B O D
Transcribed Image Text:We use dual model for lease accounting due to the accounting concept of: A) Conservatism. B) Materiality. C) Substance over form. D) Historical cost. O A O B O D
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