All of the following are disclosures required of the lessor except:
a. the components of the net investment in sales-type and direct financing leases as of each balance sheet date.
b. future minimum lease payments to be received for each of the five succeeding years.
c. total contingent rentals included in income for each period for which an income statement is presented.
d. all of these answers are correct.
Ans: d. all of these answers are correct.
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A) Air B) Truck C) Rail D) Water c