Which of the following does not properly describe the presentation by the lessor under ASC 842? Multiple Choice Sales type lease assets are presented as combined with other assets of the same category

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Which of the following does not properly describe the presentation by the lessor under ASC 842?

Multiple Choice

• Sales type lease assets are presented as combined with other assets of the same category.
• For operating leases, income is presented on a straight-line basis on the income statement.
• A lease used as a method of selling manufactured products will include selling profit as the difference between revenue and cost of goods sold.
• Cash receipts from leases are shown in the operating activities section of the statement of cash flows.