All four finance lease criteria must be met in order for a lease to be deemed a finance lease.
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Q168: The lessee should use the lessor's borrowing
Q169: Contingent rent is a bargaining tool used
Q170: Operating leases are usually of shorter duration
Q171: In an operating lease, if a non-refundable
Q172: To be classified as a finance lease
Q174: The use of contingent lease payments is
Q175: A finance lease is based upon the
Q176: A lessee's insurance expense throughout the term
Q177: A journal entry is not required for
Q178: All long-term leases should be capitalized in
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