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Which two of the following statements describe an acceptable accounting treatment for a finance lease transaction in the accounts of the lessee? A. Debit asset a/c with the fair value of the leased asset. B. Debit asset a/c with total payable under the lease. C. Debit statement of profit or loss with the total finance charges arising under the lease. D. Credit lessor a/c with the present value of the minimum lease payments. |