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IRS-Approved Online CE for EAs

Exam Results

Course: 2002A - Accounting for the New Lease Standard

Credits: 8

Questions: 40

Your Score: 97%

Incorrect answers:

28. How should a lessor initially account for initial direct costs for a lease classified as an operating lease from the lessor’s perspective:

A. defer initial direct costs

B. expense the initial direct costs

C. capitalize the costs as part of the right-of-use asset

D. record the costs as part of other comprehensive income in stockholders’ equity

Correct Answer: A

Your Answer: