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    Trina Aquino
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    This document summarizes an accounting class on leases for government and non-profit organizations. It includes the title of the class, instructor information, and outlines activities on the key topics of lease classifications, lease term commencement dates, a skill-building true/false activity, and a multiple choice check for understanding activity. The class covered the differences between finance and operating leases.

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    ACC 111 #20

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    This document summarizes an accounting class on leases for government and non-profit organizations. It includes the title of the class, instructor information, and outlines activities on the key topics of lease classifications, lease term commencement dates, a skill-building true/false activity, and a multiple choice check for understanding activity. The class covered the differences between finance and operating leases.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    Acc 111 #20

    Uploaded by

    Trina Aquino
    This document summarizes an accounting class on leases for government and non-profit organizations. It includes the title of the class, instructor information, and outlines activities on the key topics of lease classifications, lease term commencement dates, a skill-building true/false activity, and a multiple choice check for understanding activity. The class covered the differences between finance and operating leases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    ACC 111: ACCOUNTING FOR GOVERNMENT AND NON-PROFIT ORGANIZATION

    SAS #20

    TRINA DELA RAMA


    4BSMA-C2-2 TUESDAY 1:30-3:30PM

    LESSON TITLE: LEASES


    ACTIVITY 1: QUESTIONS: ACTIVITY 4: WHAT I LEARNED
    WHAT I KNOW
    .What is the two Finance Lease and Operating Leases
    classifications of
    leases?
    When is the The date from which the lessee is entitled to exercise its right
    commencement of to use the leased asset. It is on this date that any asset or
    lease term? liability resulting from the lease is initially recognized.

    ACTIVITY 3: SKILL-BUILDING ACTIVITY


    1. TRUE
    2. TRUE
    3. TRUE
    4. TRUE
    5. TRUE
    6. FALSE
    7. TRUE
    8. TRUE
    9. TRUE
    10. FALSE
    ACTIVITY 5: CHECK FOR UNDERSTANDING
    1. C
    2. B
    3. A
    4. A
    5. B
    6. A
    7. D
    8. A
    9. B
    10. B

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