Unformatted text preview: Lease Obligation 10,166.83 b. Interest Expense 120.80 Lease Obligation 1,389.20 Cash 1,510.00 c. d. 8,777.63 E11) 1) It would be an increase in an asset and an increase in a liability which effectively, would cancel each other out. 2) F, O, O...
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- Spring '07
- Financial Accounting, Finance lease, Expense Lease Obligation