Multiple Choice
If a lessor has an account, Equipment Leased to Others, and the related account, Accumulated Depreciation: Equipment Leased to Others, on its year-end balance sheet, the lease relating to the accounts would be classified as a(n)
A) operating lease
B) direct financing lease
C) sales-type lease
D) leveraged lease
Correct Answer:
Verified
Correct Answer:
Verified
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