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Penguin Company is planning to lease a $5 million machine to produce goods for eventual sale. Penguin is able to structure the lease so as to classify it as either an operating or a finance lease. Advantages to Penguin of classifying this lease as an operating lease are least likely to include that: A. no disclosures of payments due under the lease are required. B. depreciation is not recorded. C. the lease is not reported as debt on Penguin's balance sheet, so leverage ratios are not increased. |