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Unformatted text preview: Journal entries for each (compute pension expense) Terminology: Funding Vesting Chap 21 Leases (pages 1116 1135) and (1142 1144) Lessee: Operating vs capital -- conditions (p. 1121) and J/E Amortization schedule Lessor: Operating vs direct financing vs sales type -- conditions (p. 1131) and J/E Amortization schedule Terminology: Executory costs Bargain purchase option Interest rate to use for lessee and for lessor...
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- Spring '08