When should a lessor recognize in income a nonrefundable lease bonus paid by a lessee on signing an operating lease? A. Over the lease term B. At the inception of the lease C. When received D. At the lease expiration
When should a lessor recognize in income a nonrefundable lease bonus paid by a lessee on signing an operating lease? A. Over the lease term B. At the inception of the lease C. When received D. At the lease expiration
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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When should a lessor recognize in income a nonrefundable lease bonus paid by a lessee on signing an operating lease?
A. Over the lease term
B. At the inception of the lease
C. When received
D. At the lease expiration
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