When a lease must be recorded on the balance to meet FAS 13,the asset amount is set equal to the:
A) amount of the lease payments due within the next 12 months.
B) present value of the lease payments.
C) amount of the lease payments due within the current fiscal year.
D) present value of the lease payments due within the next 12 months.
E) total sum of all the remaining lease payments.
Correct Answer:
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