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Response to Recursion (Reply #42)

Sun May 27, 2012, 10:16 AM

43. Credit to the liability for the lease,

Debit to the asset for the lease, then amortize the lease which gets passed on to the income statement.

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louis c May 2012 OP
jsmirman May 2012 #1
Initech May 2012 #2
trotsky May 2012 #3
TrollBuster9090 May 2012 #13
PA Democrat May 2012 #16
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louis c May 2012 #8
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A Simple Game May 2012 #24
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Gman May 2012 #41
Recursion May 2012 #42
LineLineLineLineLineLineLineNew Reply Credit to the liability for the lease,
Gman May 2012 #43
CanonRay May 2012 #9
TrollBuster9090 May 2012 #11
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yellowcanine May 2012 #17
yellowcanine May 2012 #18
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Gman May 2012 #44
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Doctor_J May 2012 #30
badtoworse May 2012 #34
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eallen May 2012 #35
baldguy May 2012 #37
RogerShuler May 2012 #39
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