Multiple Choice
The amount recorded on the firm's balance sheet to account for a capital lease is
A) not needed, since financial leases are a source of off balance sheet financing.
B) the present value of the lease payments over the remaining life of the lease.
C) the sum of the lease payments over the remaining life of the lease.
D) determined using Canada Customs and Revenue Agency tables.
Correct Answer:
Verified
Correct Answer:
Verified
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