Multiple Choice
For companies engaged in direct financing leases (ASPE) or finance leases (IFRS) ,
A) they are generally manufacturers or retail stores.
B) their profits are derived from leasing their inventory at a profit.
C) their objective is to earn interest income on the financing arrangement with the lessee.
D) such leases are frequently operating leases.
Correct Answer:
Verified
Correct Answer:
Verified
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