Crystal corporation makes $2,000 payments every month for leasing office equipment. crystal recorded a lease payment as follows:

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Haylie Cisneros

Business

3 March, 13:37

Crystal corporation makes $2,000 payments every month for leasing office equipment. crystal recorded a lease payment as follows:

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Rodgers · Answer 1

Crystal corporation makes $2,000 payments every month for leasing office equipment. Crystal recorded a lease payment as an operating lease.

An operating lease is a lease that is commonly used for a short term basis and asset. The operating lease payment is found on the financial statement.