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If a Company Made the Following Journal Entry Dr. Rent expense (SE) xxCr. Cash (A) xx\begin{array} { l } \text {Dr. Rent expense (SE) }&xx\\ \text {Cr. Cash (A) }&&xx\\\end{array}

Question 53

Multiple Choice

If a company made the following journal entry: Dr. Rent expense (SE)  xxCr. Cash (A)  xx\begin{array} { l } \text {Dr. Rent expense (SE) }&xx\\ \text {Cr. Cash (A) }&&xx\\\end{array}

What type of lease do they have?


A) Capital lease
B) Finance lease
C) Operating lease
D) Sales-type lease

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